# The brokerage expects TCS to ‘Outperform’ They have kept the target price for TCS at Rs 3,230, implying an upside of 25% from the current levels.

*business · news · 2026-04-14 · The Financial Express*

## Key points

- TCS' AI solutions revenue rose to $2.3 billion in Q4FY26 from $1.8 billion in Q3FY26.
- Clients are not cutting IT spending due to AI; instead, they are investing to become AI-ready.
- TCS reported $12 billion in deal wins for Q4FY26, up from $9.3 billion in the previous quarter.
- TCS announced a salary hike effective April 1, expecting a 150–200 basis point margin impact.
- BNP Paribas sees minimal impact from Middle East geopolitical tensions outside travel and transportation sectors.

**Companies:** TCS, Infosys, Persistent Systems
**Countries:** India

[Read the full story on The Financial Express](https://www.financialexpress.com/market/5-reasons-why-bnp-paribas-is-bullish-on-tcs-after-q4-lists-top-it-picks-now-4206645/)

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