N. Chandrasekaran considers his company's downfall as
N. Chandrasekaran considers his company's downfall as "A temporary blip"

The Chief IT Company of India, Tata Consultancy service (TCS) is facing the worst of the times. Newstrack already informed you about the downfall of the IT Company as it has been reported that the least revenue of a quarter-on-quarter was observed this September.

Apart from the revenue growth going down, the TCS’s is also challenged by the technology disruption the IT sector is facing.

N. Chandrasekaran, the chief executive officer and managing director says that it is just a temporary blip. When he was asked that if they have enough room? Mr.Chandrasekaran answered, that they are focused on sustainable growth and sustainable margins. I believe it’s important to operate at high-margin business because we want to have the ability to invest. Digital technology today might be a one-off but we’ve to keep innovating and changing. Hence, it is important to be able to invest. So, the 26-28 per cent band is fair and we think we can maintain that.

Managing margins will have many things like efficiency improvement, business mix, people and location mix, automation, etc. Moreover, we are a decentralized company and have so many leaders facing headwinds but still looking for growth.  

Market is trading down by 29 paisa at 66.82 !

Related News
Join NewsTrack Whatsapp group