TCS Q3 Order Book Hits $9.3 Billion Amid Muted Growth in North America, UK
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Moneycontrol•12-01-2026, 18:24
TCS Q3 Order Book Hits $9.3 Billion Amid Muted Growth in North America, UK
- •TCS reported $9.3 billion in deal wins for Q3, surpassing Street estimates despite being a seasonally weak quarter.
- •Growth slowed in key geographies: North America grew 0.1% Q-o-Q, UK declined by 1.9% Q-o-Q in constant currency.
- •BFSI and Technology & Services sectors saw sequential decline, while Life Sciences, Manufacturing, and CMI grew.
- •Key deal wins include contracts with SAP, Morrisons, Tata Motors, and Aviva, focusing on Gen AI, cloud, and digital transformation.
- •AI services generated $1.8 billion in annualized revenue, growing 17.3% QoQ, driven by customer investments in Cloud, Data, Cyber, and Enterprise Transformations.
Why It Matters: TCS secured a strong Q3 order book of $9.3 billion, driven by AI, despite muted growth in key markets.
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