TCS to Provision $70M More After US Supreme Court Declines Review

1 Minute Read Listen to Article
Share:    

Jun 16, 2026 11:03

x
TCS will provision an additional $70 million in Q1 FY2027 after the US Supreme Court declined to review its legal dispute with CSC/DXC, adding to $150M already set aside.
TCS to Provision $70M More After US Supreme Court Declines Review
New Delhi, Jun 16 (PTI) Tata Consultancy Services on Tuesday said it would make provision of additional 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, now part of DXC Technology.

TCS, in the BSE filing, said it has already provided USD 150 million for the matter in its books of accounts in accordance with applicable accounting standards.

The company "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".


TCS had disclosed the litigation in earlier exchange filings in June 2024 and November 2025.

Providing an update over the suit filed by Computer Sciences Corporation/DXC Technology Company, TCS on Tuesday informed that US Supreme Court has declined to review a lower court ruling in a lawsuit brought by Computer Sciences Corporation.

"In continuation of our earlier communication...dated June 14, 2024 and...dated November 22, 2025, we wish to inform you that the United States Supreme Court has denied our petition for a writ of certiorari to review the judgment of the United States Court of Appeals for the Fifth Circuit on June 15, 2026, in the above matter," it said.

Earlier, TCS had faced a legal setback after the US Court of Appeals for the Fifth Circuit upheld a USD 194.2 million damages award and ruled in favour of Computer Sciences Corporation in a years-long trade secrets case.
Share:    

TODAY'S MOST TRADED COMPANIES

  • Company Name
  • Price
  • Volume
  • IFCI
  • 103.15 (+ 1.67)
  • 10045264

See More >

Moneywiz Live!

Home

Market News

Latest News

International Markets

Economy

Industries

Mutual Fund News

IPO News

Search News

My Portfolio

My Watchlist

Gainers

Losers

Sectors

Indices

Forex

Mutual Funds

Feedback