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News Topical, Digital Desk : Tata Consultancy Services (TCS) has appointed Amit Kapoor as its Chief AI and Services Transformation Officer. He will lead the company's new global AI unit. With this strategic move, TCS has brought its existing AI and data teams under one umbrella to accelerate innovation and digital transformation in the organization.
The new AI unit will integrate TCS' existing AI capabilities, deepen domain-specific AI solutions and forge new partnerships to expand its reach globally. The existing AI and data unit will be incorporated into this restructured organization. This signals a major change in TCS' approach to AI-based services.
How were TCS's Q1 results? On July 10, TCS released its Q1 results for the financial year 2026, which were below market expectations. The company's constant currency (CC) income fell 3.3% quarter-on-quarter, while the CNBC-TV18 survey had estimated a decline of 1.4%. In rupees, TCS's income fell 1.6% from Rs 64,479 crore to Rs 63,437 crore. Analysts had forecast a marginal decline of 0.4% to Rs 64,206 crore. In US dollars, TCS revenue fell 0.6% quarter-on-quarter to $7,421 million, down from $7,465 million in the previous quarter. Analysts had expected 0.6% growth.
TCS: Stock Performance TCS stock closed 0.52% higher at Rs 3,157 per share on Tuesday, August 26, 2025. The stock has declined 12.5% in the last 6 months. The stock has slipped 30% in the last one year. The company, which has a market capitalization of about Rs 11.42 lakh crore, has a 52-week high of Rs 4,592.25 and a low of Rs 2,991.60 per share.
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