TCS earnings report: TCS' annualised AI revenue rises to $2.6 billion in Q1

TCS reported annualised AI revenue of $2.6 billion for the quarter ended June 30. The company posted a 5% rise in net profit to Rs 13,349 crore, while revenue grew to Rs 72,275 crore. Chief Executive K Krithivasan said, "The company expects business conditions to improve in the second quarter."