Tata Consultancy Services (TCS) has announced the cancellation of its scheduled post-earnings press conference for the second quarter of FY26, originally set for October 9, 2025.
The decision coincides with the first death anniversary of Ratan Tata, the former chairman of Tata Sons and a revered figure in Indian industry.
While the press briefing has been called off, the analyst call will proceed as planned.
TCS Press Conference Cancelled for Second Consecutive Year
TCS informed stock exchanges on September 22 that its Board of Directors would meet on October 9 to approve the audited financial results for the quarter and six-month period ending September 30, 2025.
A day later, the company announced that its leadership team would address the media at 5:30 PM, followed by the earnings conference call at 7:00 PM.
However, the press conference was later cancelled, reportedly out of respect for Ratan Tata’s memory.
This marks the second consecutive year that TCS has altered its Q2 earnings-day schedule due to Ratan Tata’s passing.
In 2024, the company had similarly cancelled its press briefing while continuing with other investor-related events.
Rationale Behind the Cancellation
Ratan Tata passed away on October 9, 2024, at the age of 86 due to age-related health issues.
His contributions to the Tata Group and Indian industry have been widely acknowledged, and his death prompted national mourning.
TCS, as the flagship IT services company of the Tata Group, has chosen to honour his legacy by refraining from public media engagements on this date.
While the press conference has been cancelled, the analyst call will still take place, allowing institutional investors and analysts to engage with the company’s leadership on financial performance and strategic direction.
Q2 Performance Expectations
Ahead of the earnings announcement, market analysts have projected moderate revenue growth for TCS in Q2.
Axis Securities expects a 3.5% quarter-on-quarter increase in topline revenue, driven by gains in BFSI, Hi-Tech, and favourable cross-currency movements.
However, the firm also anticipates a 21-basis-point drop in EBIT margin, attributed to wage hikes, increased investments, and lower utilisation.
Equirus Securities forecasts a 0.6% QoQ growth in constant currency terms, with margin improvement supported by INR depreciation.
The brokerage also expects steady deal wins, including one mega deal announced during the quarter.
TCS Strategic and Operational Developments
TCS is currently undergoing a restructuring initiative that includes the planned separation of around 12,000 employees, or roughly 2% of its global workforce.
The layoffs are part of a broader effort to sharpen focus on artificial intelligence and digital transformation.
Severance costs and restructuring expenses are expected to impact Q2 margins.
Investors are also closely watching developments related to H-1B visa fee hikes and US import tariffs, both of which could affect demand and cost structures for Indian IT firms.
TCS has reportedly reduced its dependency on H-1B visas to below 50% for North American operations.
Key Investor Focus Areas
During the analyst call, investors are likely to seek clarity on:
- Underperformance in developed markets and potential share losses
- Impact of US tariffs and visa fee hikes on demand
- Adoption pace of Generative AI and its deflationary effect on IT spending
- Role of Global Capability Centers (GCCs) in driving growth
- Margin outlook amid competitive pressures and restructuring costs
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