TCS Q2 FY27 revenue growth below 3%; H-1B registrations cut 95%, per CRS report
Key points
- TCS Q2 FY27 revenue growth below 3%
- FY2027 H-1B registrations cut 95% year on year (per CRS report)
- H1 employee benefit costs up 10.1% year on year; Q2 down 0.6% sequentially
Tata Consultancy Services (TCS) recorded Q2 FY27 revenue growth below 3%, while maintaining one of Indian IT's highest operating margins. According to a Congressional Research Service report, TCS cut its FY2027 H-1B registrations by 95% year on year. Employee benefit costs rose 10.1% year on year in H1 and fell 0.6% sequentially in Q2, partly due to lower performance bonuses. Separately, a Special Investigation Team (SIT) is probing nine cases at its Nashik unit, and TCS says it has zero tolerance for workplace harassment and coercion.
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