Tech demand in FY25 to be better than this fiscal: TCS' NG Subramaniam
Tata Consultancy Services chief operating officer NG Subramaniam. Though clients are not cutting down on the budgets in the ongoing fiscal 2024, they are optimising every aspect of the business since macro uncertainties remain, he told ET in an interview.
“It's difficult to put a number at (the growth next year), because of the way the market uncertainties are. But I feel that FY25 will be a better year than 2023 (FY24),” said Subramaniam.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Digital TransformationVisitMITMIT Technology Leadership and InnovationVisit“Across markets and industries, in all our conversations that we have with our customers, none of them have indicated any budget cuts,” he said. The clients are, however, changing the way they spend, with a larger focus on critical work like cloud migration, transformation, and cost optimisation, he said.
During the fiscal third quarter ended December, India’s top companies, including TCS, called out no change in client sentiments from the previous quarter with a cautious spending environment and ramp-downs of projects.
On artificial intelligence, clients are testing out the innovation, and new products and small deals and proofs of concept (PoCs) are happening, he said.
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During the Q3 earnings announcement, the company said it has
