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TCS sees better 2013 for IT industry [Software & Services] [Times of India]
[November 09, 2012]

TCS sees better 2013 for IT industry [Software & Services] [Times of India]

(Times of India Via Acquire Media NewsEdge) NEW DELHI: Tata Consultancy Services (TCS), the country's biggest IT exporter, expects the coming 12 months to be better for the technology industry.

"We are seeing an uptick. There is a lot more clarity and certainty about projects and decision cycles. I'm quite positive and companies are wanting to adopt technologies and are making decisions," TCS chief executive officer and managing director N Chandrasekaran said at the World Economic Forum.

There are a variety of deals in the market and ramp ups are happening, he added. "Pricing is stable. So, I expect the next 12 months to be better than the last 12 months," Chandrasekaran said, however, adding IT budgets were expected to be flat or slightly higher.

On US President Obama's reelection, he said economic growth and job creation would continue to receive attention. "We will not see anything new because we have lived through that (economic uncertainty) for the last couple of years. I think there will be a lot of economic activity, which is focused both on financial performance and better growth rates, also in terms of job creation," Chandrasekaran said adding that this would open up more opportunities.

"That (focus on economic activities) translates into significant opportunity for the technology sector because it will be central in creating jobs in the US, India and in other markets which are used as global delivery centres," he added.

(c) 2012 Bennett, Coleman & Company Limited

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