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The Economic Times
The Economic Times

TCS to take $70 million hit after US Supreme Court rejects appeal in trade secrets case

TCS United States US Supreme Court Tata Consultancy Services DXC DXC Technology Transamerica

Tata Consultancy Services (TCS) will take a one-time exceptional charge of $70 million in the first quarter of FY27 after the US Supreme Court declined to hear its appeal in a long-running trade secrets dispute, taking the Indian IT giant's total exposure in the case to $220 million.

The US Supreme Court on June 15 allowed a lower court ruling awarding damages to DXC Technology to stand, effectively bringing an end to TCS's legal challenge in the matter.

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