- Market capitalisation of nine blue-chip firms surged Rs 47,404 crore last weekTata Consultancy Services to provide digitisation services for citizens in ScotlandS&P's upgrade gives TCS, Infosys and Wipro higher rating than India's'FY15 to be better, digital offers billion dollar opportunity:' TCS
Digital, risk compliance, horizontal services and optimisation of services will drive growth for India’s largest IT services company, Tata Consultancy Services, which expects FY15 to be better than FY14.
TCS CEO and managing director N Chandrasekaran said the company is seeing an increased momentum for social, mobile, analytics and cloud (SMAC) technologies, which offer a multi-billion-dollar opportunity in revenues for the company in the next 3-5 years along with risk and regulatory compliance services, horizontal services like security and simplification and optimisation technologies.
Moreover, the firm is confident of pricing for its services to remain stable in the next financial year.
However, he cautioned that the Indian business will continue to remain volatile as most of the business is still lopsided towards discretionary spending which is associated with long-term projects.
“This year (2013-14) was better than the previous one and we expect the next year will be better than this. This has been a year in which normal business performance has been good. But for digital it has been a very good year,” Chandrasekaran said.
On the hiring front, TCS will hire about 25,000 college graduates who will join the firm in the next fiscal apart from hiring across geographies like the US and Europe to keep up with demand for services.
“There is a lot of positive mood in the US and we expect discretionary spending next (fiscal) year to see an uptick based on the conversations we have had. The US is more mature than Europe and budgets can be soft,” he added.