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TCS to take additional USD 70 million hit after US Supreme Court rejects appeal

Tata Consultancy Services (TCS) on Tuesday said it will make an additional provision of USD 70 million in the first quarter of FY27 after the US Supreme Court declined to review a lower court ruling in its long-running legal dispute with Computer Sciences Corporation (CSC), now part of DXC Technology

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Representational pic

Tata Consultancy Services (TCS) on Tuesday said it would make an additional provision of USD 70 million in the first quarter of fiscal 2027 after the US Supreme Court declined to review a lower court ruling in a legal dispute with Computer Sciences Corporation (CSC), now part of DXC Technology.

In a filing to the BSE, TCS said it has already provided USD 150 million for the matter in its books of accounts in accordance with applicable accounting standards. The company said it "will make necessary provision now for the incremental amount of USD 70 million towards damages, interest and legal cost, as a one-time exceptional expense, in Q1 FY2027".

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