The sentiment surrounding TCS's Q1 FY26 results, released today (July 10, 2025), appears to be mixed to cautiously negative. Here's a breakdown of the key factors contributing to this sentiment: Positive Aspects: * Profit Beat Estimates: TCS reported a consolidated net profit of ₹12,760 crore, a 6% year-on-year increase, surpassing Street estimates. * Dividend Declared: An interim dividend of ₹11 per share was announced, which is generally positive for shareholders. * Operating Margin Expansion: The company saw an expansion in its operating margin to 24.5%, indicating effective cost management. * Robust Deal Wins: TCS reported strong deal closures with a Total Contract Value (TCV) of $9.4 billion, suggesting future revenue potential. * Focus on New Services: Management highlighted growth in new services, including AI-led business transformation, and continued investments in the AI ecosystem. Negative/Cautious Aspects: * Revenue Missed Estimates: The c...