TCS shares surge over 5% after Q2 results; AI revenue crosses $3 bn
Tata Consultancy Services (TCS) shares surged over 5% following its Q2 results, which included a 15% net profit increase to ₹13,884 crore. The company reported annualized AI revenue exceeding $3 billion, accounting for about 10% of total revenue. TCS reassured that the recent US green card suspension for IT firms will not impact its workforce strategy.