Tariff turmoil just a blip; analysts gung-ho on TCS

Estimates by the Tata Consultancy Services (TCS) leadership that FY26 revenues will exceed those of the financial year gone by – and without margin erosion – are prompting several analysts tracking the outsourcing bellwether to conclude the current tariffs-triggered turmoil will be short lived, causing only minimal damage to India’s biggest forex earner.

While the IT major started the year by missing analysts’ estimates, TCS’s revival in the core region of North America after two quarters and uptick in the largest vertical banking, financial…