Current quarter trajectory better than in last three quarters; we are hopeful FY25 will be better than FY24: TCS CFO
Samir Seksaria, CFO and Milind Lakkad, CHRO, TCS, in conversation with ET Now. Lakkad says: “We had a meeting of minds and all the vice chancellors and directors of all major institutions in India, all IITs, NITs, IISCs, IIMs – all premium institutions – came and we spent a good day-and-a-half with them. Primary purpose is basically how do we integrate better. This is a journey and more and more integration, more and more backward integration, more and more how do we shift left more so that we get industry ready people quickly.”
Seksaria says: “We believe if the macro environment improves and growth comes back, growth being a bigger lever, it will help us accelerate this journey better. Else we are quite happy with where we are exiting Q4.”
Markets have been waiting for this transition where the old business takes a back seat, the new business takes over. This in a sense has been the central concern for everybody with the advent of AI and other new technologies. Has that changeover happened?
Samir Seksaria: AI is not something which has just turned up. It has been here for a while. The new terminology is Gen AI. Gen AI as a theme is in the initial stages right now. What we see at customer ends is also more POCs, elementary work, things around translation work or low-end work happening. It definitely has potential, but it will take its own time till it evolves. We are benefiting from something called AI enablement where people are putting in their structures around cloud and data together to build up and to
