K. Krithivasan took over as chief executive officer (CEO) of Tata Consultancy Services Ltd (TCS) on 1 June last year, after the previous CEO, Rajesh Gopinathan, stepped down abruptly in March. Krithivasan, 59, who joined TCS in July 1989, had taken over in April 2007 as the president of the banking, financial services and insurance (BFSI) division, which accounts for a third of the company's total business. In his first short sit-down interview with Mint, the soft-spoken Krithivasan came across as guarded. Under his watch, TCS has done better than smaller rival Infosys Ltd for two straight quarters, with the boss sharing that the company is now focusing more on growth and expects the next financial year to be better than the current one. Edited excerpts:
What explains the investor optimism in the information technology (IT) sector as seen in the rally in IT stocks despite not-so-great numbers?
I can talk only about TCS and not about other companies. Investors wanted to know if we are more optimistic about FY25 than FY24. The answer to that was yes, we are more optimistic about FY25 than FY24. I think that is what is reflected in the market. We are not saying that Q4FY24 or QIFY25 will be strong. We are saying that we believe, based on what we see in the environment right now, that FY25 will be better than FY24.
What is the reason behind this optimism?
Diese Geschichte stammt aus der January 15, 2024-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der January 15, 2024-Ausgabe von Mint Mumbai.
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