TCS AI revenue hits $3.1B as total revenue grows just 0.2%

TCS reported September-quarter results with annualized AI revenue of $3.1 billion, up from $2.6 billion and above 10% of total revenue for the first time. Total revenue was $7,642 million, up 0.2% quarter over quarter and 2.4% year over year, with a 24.0% operating margin and $9.6 billion in total contract value.

• AI revenue rose about 19% in the quarter to $3.1 billion
• Total revenue of $7,642 million: +0.2% QoQ and +2.4% YoY
• Operating margin at 24.0%, total contract value $9.6 billion