Tata Consultancy Services (TCS) reported a 12% increase in net profit to ₹13,718 crore for the March 2023 quarter, driven by robust deal wins and a favorable currency environment. Revenue also rose by 9.6%, reaching ₹70,698 crore, surpassing analyst expectations. However, TCS faced its first annual revenue decline since its public listing, with a 2.4% drop in constant currency terms for FY26, attributed to macroeconomic challenges. CEO K Krithivasan expressed optimism for the upcoming year, despite caution due to geopolitical tensions in West Asia. Notably, TCS's AI services revenue grew to $2.3 billion, highlighting a significant shift towards AI-driven solutions. The company also achieved its highest operating margin in four years at 25%. Despite a reduction in workforce, TCS continues to expand its non-traditional service lines, which now generate $11 billion in revenue. The board approved a final dividend of ₹31 per equity share, reflecting the company's commitment to shareholder returns.