TCS to set aside additional $70 million after US Supreme Court rejects appeal in DXC Trade Secrets Case
India, June 16 -- Tata Consultancy Services (TCS) will set aside an additional $70 million after the US Supreme Court declined to review its appeal in a long-running trade secrets dispute involving DXC Technology (formerly Computer Sciences Corporation).
The development follows the US Supreme Court's decision to reject TCS's petition challenging a lower court ruling that upheld a $168 million damages award in favour of DXC in a case related to alleged misappropriation of proprietary life-insurance software.
With the latest provision, TCS's total financial exposure in the matter has risen to around $220 million. The company said the additional charge will be recorded as a one-time exceptional expense in the first quarter of FY27.
The di...
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