I thought I would write a bit more following my interview with TCS’s UK boss A S Lakshmi yesterday.
I blogged separately about TCS’s trial of SME services because I thought that deserved to be flagged up.
Lakshmi also covered areas such as the recession, the recovery and TCS’s growth going forward.
He says the recent recession was the worst he has seen because it seemed to go on for much longer. Also in the early years of this decade the Indian suppliers were growing so rapidly they probably didn’t feel the recession.
But the last three quarters have been “amazing” for TCS, says Lakshmi, with profits rising. He says TCS has cut its costs associated with existing projects but has continued to invest in strategic areas.
TCS even took on 30,000 graduates that were promised jobs prior to the recession.
It seems business as usual with the recovery under way.
TCS invested in technologies such as HR, procurement and financial services platforms as well as an analytics platform.
But it is the usual suspects going forward. Lakshmi says the three big growth areas will be application development and management, infrastructure services and BPO.
And customers are not surprisingly the banks. Lakshmi says they are definitely spending on IT again.