TCS buys ListEngage to expand Salesforce and agentic AI portfolio

Acquisition Overview - Tata Consultancy Services (TCS) has acquired ListEngage, a US-based Salesforce Summit partner, for up to $72.8 million, excluding management incentives and costs [1] - The acquisition aims to enhance TCS's technical capabilities in Salesforce and agentic AI for enterprise customers [1] Integration and Expertise - TCS will integrate over 100 ListEngage professionals, who hold more than 400 Salesforce certifications, into its enterprise solutions division in the US [2] - ListEngage CEO Altaf Shaikh emphasized that the acquisition is a growth platform, combining ListEngage's Salesforce expertise with TCS's scale and global reach [2][3] Strategic Alignment - The transaction aligns with TCS's strategy to pursue growth through acquisitions, particularly in AI, cloud infrastructure, cybersecurity, digital engineering, and enterprise solutions [4] - TCS's enterprise solutions global head, Vikram Karakoti, noted that ListEngage complements TCS's existing capabilities in customer experience and digital transformation [4] Financial Performance - TCS reported consolidated revenue of $7.46 billion for the quarter ended September 30, 2025, reflecting a sequential increase of 0.8% in constant currency [5] - The company achieved an operating margin of 25.2%, a 70 basis point increase from the previous quarter, and net income of $1.46 billion, up 3% year-on-year [6] - TCS's total contract value for the reported second quarter was $10 billion [6] Innovation in Semiconductor Services - In September 2025, TCS introduced Chiplet-based System Engineering Services aimed at helping semiconductor companies design faster and more powerful chips [6][7] - The use of chiplets, which are small integrated circuits, is intended to enhance the development of efficient processors [7]