2014 Will be Better Than 2013, Says TCS CEO

From Business Line | Top Stories |

New Delhi, Dec 16:  

Tata Consultancy Services on Monday said that the company expects to do better than what it has done in 2013 so far. The company said that hiring would also be better in next financial year.

“Going forward, the concept of digital – the digital five forces including mobility, cloud, social media, big data and analytics – will be driving enormous opportunities across sectors, and we are seeing that in all markets. That momentum is picking up and will drive growth,” N. Chandrasekaran, Chief Executive Officer and Managing Director, TCS, told reporters here.

He said all-in-all the company is preparing for the next year by deepening its position in different geographies where it is present right now.

“The initial indication is that there will be an uptake in spending, especially in areas like digital technologies,” he said, adding that areas like utilities, insurance, pharma, retail and financial services would also contribute to stronger market next year.

On the hiring, he said the company that had announced to hire 45,000 people this year, has already hired 50,000 till now. Going forward, it will hire 25,000 freshers for the next financial year, which it has already started with a few, he added.

Shares of TCS closed at Rs 2,017.30 on the BSE on Monday, up 0.72 per cent from the previous close.

ronendrasingh.s@thehindu.co.in

(This article was published on December 16, 2013)



TAGS: COMPANY, TCS, FINANCIAL, DIGITAL, SERVICES

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