“This is to inform you that the company has received threat-intelligence alerts alleging possible exposure of certain employee information. The company has investigated the matter and has not found any credible evidence of a breach of TCS systems or customer environments,” according to a stock exchange filing.
The company said the information referenced in the alerts appears to be more than four years old and is limited to basic employee information. There is no indication that customer data, customer systems or TCS operational systems have been impacted, it said.
ALSO READ | TCS Q1 Results: Earnings meet expectations with deal wins at $9.5 billion
“The information referenced appears to be more than four years old and limited to basic employee information. There is no indication that customer data, customer systems, or TCS operational systems have been impacted,” it said.
According to TCS, the attacker claims to have used password spray and Multi-Factor Authentication (MFA) fatigue as the attack vector. The company said it has had safeguards against such techniques in place for more than two years and, based on its current review, these controls remain effective.
TCS said it continues to monitor its environment closely and will assess any new information that becomes available and take appropriate action, if required.
ALSO READ | TCS’s AI biz hits $2.6 bn run rate, growing six times faster than overall revenue
“The company will continue to assess any new information that becomes available and take appropriate action, if required. The Company remains committed to maintaining the security and resilience of its systems and to protecting the information entrusted to us,” it added.
First Quarter Results
In rupee terms, TCS reported revenue of ₹72,275 crore, which is 2.2% higher compared to ₹70,698 crore that the company had reported in the March quarter. The figure is also marginally higher than the CNBC-TV18 poll projection of ₹71,847 crore.
In constant currency terms, TCS reported revenue growth of 0.4%. The expectations ranged from a negative 0.1% to a positive 0.4%. Therefore, the constant currency growth is at the higher end of the range.
ALSO READ | TCS won’t hire in the same numbers as before: Here’s what chairman N Chandrasekaran said
Earnings Before Interest and Tax (EBIT) declined by 3% during the June quarter to ₹17,317 crore. A CNBC-TV18 poll had projected the figure to be at ₹17,348 crore, while the company had reported an EBIT of ₹17,870 crore in the previous quarter.
EBIT margin stood at 24% from 25.3% last year, a contraction of 130 basis points. Margins were supposed to contract by 120 basis points sequentially due to the impact of wage hikes.
Shares of Tata Consultancy Services Ltd ended at ₹2,434.00, down by ₹19.70, or 0.80%, on the BSE.
ALSO READ | TCS, Anthropic announce global premier partnership for Enterprise AI scaling
