Tata Consultancy Services (TCS) on Wednesday cancelled its press conference to announce Q2 FY26 earnings. The decision was made as the date coincides with the death anniversary of Ratan Tata, former Tata Sons Chairman.
Despite the cancellation, the analyst call will proceed as planned. Investors will receive detailed insights into TCS’s financial performance and management commentary during the call. The cancellation is not expected to affect investor relations significantly.
TCS’s Q2 results are closely watched amid the H-1B visa fee hike and global IT demand trends. Analysts will focus on recovery in discretionary spending, particularly from the US and Europe. Challenges in specialised staffing and cautious client expenditure will also be key discussion points.
Earlier, TCS announced layoffs of 12,200 employees, about 2 per cent of its 6.13 lakh-strong workforce. The company said the move is aimed at making TCS agile and future-ready. Severance packages, extended insurance, notice period pay, and placement support are being offered to affected employees.
