In a significant development, IT major Tata Consultancy Services (TCS) has called off its planned press conference for the second-quarter FY26 earnings, reports said on October 8.
The conference was scheduled for October 9.
According to some reports, the company cited the reason for the cancellation of the much-awaited conference as coincidence with the anniversary of Ratan Tata -- the former Tata Sons chairman and an iconic figure in the Tata Group.
While the media briefing has been dropped, TCS confirmed that its analyst call, which covers financial results and management insights, will proceed as usual.
This marks the second consecutive year that TCS has altered its earnings-day schedule in observance of Ratan Tata’s memory. Last year, the firm also cancelled its Q2 press meet shortly after his passing, though other investor-related interactions continued as planned.
Market observers noted that the move is unlikely to affect investor sentiment, as the analyst call -- the primary channel for detailed financial discussion and future outlook -- remains unaffected.
The Q2 earnings report is keenly awaited, as it will offer a snapshot of demand trends in the global IT landscape amid challenges such as the recent US H1-B visa fee hike.
Investors will be watching for signs of revival in discretionary tech spending, especially from the US and Europe, and how TCS is navigating ongoing headwinds in talent availability and cautious enterprise budgets.
Although the cancellation briefly tempers media engagement, it does not disrupt the company’s core financial reporting or communication with stakeholders.
The conference was scheduled for October 9.
According to some reports, the company cited the reason for the cancellation of the much-awaited conference as coincidence with the anniversary of Ratan Tata -- the former Tata Sons chairman and an iconic figure in the Tata Group.
While the media briefing has been dropped, TCS confirmed that its analyst call, which covers financial results and management insights, will proceed as usual.
This marks the second consecutive year that TCS has altered its earnings-day schedule in observance of Ratan Tata’s memory. Last year, the firm also cancelled its Q2 press meet shortly after his passing, though other investor-related interactions continued as planned.
Market observers noted that the move is unlikely to affect investor sentiment, as the analyst call -- the primary channel for detailed financial discussion and future outlook -- remains unaffected.
The Q2 earnings report is keenly awaited, as it will offer a snapshot of demand trends in the global IT landscape amid challenges such as the recent US H1-B visa fee hike.
Investors will be watching for signs of revival in discretionary tech spending, especially from the US and Europe, and how TCS is navigating ongoing headwinds in talent availability and cautious enterprise budgets.
Although the cancellation briefly tempers media engagement, it does not disrupt the company’s core financial reporting or communication with stakeholders.
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