Analysts retained their bullish view on IT majors Tata Consultancy Services (TCS), Infosys and Wipro post their financial results for the quarter ended December 2021.
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TCS CEO Rajesh Gopinathan (File photo)
BENGALURU: IT major TCS’s third quarter results announced on Friday indicated a sharp recovery from the lows in the early months of the pandemic. In an exclusive interaction with TOI after the results, TCS CEO Rajesh Gopinathan talked about the surge in demand for cloud. He said cloud will enable a whole new set of transformation opportunities for enterprises. Excerpts:
The revenue growth from Q2 to Q3 was TCS’s best in nine years. What does this indicate to you?
It’s a validation of many of the themes we have been speaking about for quite some time. Speaking about the pandemic, we had shared how the impact will be deep and we should be able to recover, as technology is at the heart of the solutions (for revival).
“Believe What We are witnessing is a fairly long cycle technology upgrade opportunity, the most important aspect it is at multiple levels” said Rajesh Gopinathan, CEO & MD, TCS. He added, “There is absolutely no doubt that TCS is going for double-digit growth (even beyond FY22), stakeholders will have to take their bets, you can bet on us or bet against us but we are going for it.”
2020 was an incredible year where the HR team was able to adapt, collaborate and create magic in terms of work from home (WFH) environment. With an employee base of over 4 lakh, TCS is one of the largest private-sector employers in India. Margins expanded in Q3 despite wage hikes that were rolled out from October 2020.