'Once we make a job offer, we honour it'
Business Standard|April 17, 2023
For RAJESH GOPINATHAN, outgoing chief executive officer and managing director, TCS, Q4 FY23 was his last full quarter in the company. Gopinathan, while refraining from answering questions related to his resignation, says only after the new CEO takes over will he discuss anything else. In an interview with Shivani Shinde, he talks about the macro environment, getting to a normal cycle on issues related to people, and growth. Edited excerpts:
'Once we make a job offer, we honour it'

Q4FY23 was a huge surprise. What are clients saying and do you see this pain continuing?

We are not negative on the macro. We shared only what happened in the quarter and what caught us by surprise, and it turned out to be much sharper. We were expecting it to be up so that's what we called out.

From a macro point of view, we're positive on the UK, Europe is incrementally positive, and the US has turned out to be surprising and hence difficult to call out for the short term. But we believe that the US companies, especially our clients, are in very good shape.

We are not overly negative about the US because the underlying strength is solid. Uncertainty is building up due to the change in the monetary policy stance and its ripple effects. But then we are not economists. We looked at it more from a fundamental basis and felt there should be caution going into the end of the year and it should bounce back at the beginning of the year. That has not happened.

Increasingly there is a mismatch between the TCV (total contract value) one signs and its into growth. Can transmission you explain?

Esta historia es de la edición April 17, 2023 de Business Standard.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición April 17, 2023 de Business Standard.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BUSINESS STANDARDVer todo
Business Standard

How AI is Disrupting the Literary World

This summer, Ayad Akhtar was struggling with the final scene of McNeal, his knotty and disorienting play about a Nobel Prize-winning author who uses artificial intelligence to write a novel.

time-read
4 minutos  |
November 02, 2024
Business Standard

Dark store surge set to spur realty demand

Quick commerce (qcom) firms are poised to impact India's real estate landscape as they expand their dark store networks to meet the growing demand.

time-read
3 minutos  |
November 02, 2024
The Bibek I knew
Business Standard

The Bibek I knew

It was the early 2000s when I was setting up an economics research practice.

time-read
4 minutos  |
November 02, 2024
Business Standard

Saudi revives India investment plans amid shrinking mkt share

Move aimed at ensuring a major captive market for its crude oil, even as Indian refiners mull reducing the share of expensive Saudi grades sourced under term contracts

time-read
3 minutos  |
November 02, 2024
Business Standard

Tech, threats, territories - navigating industry growth in the new world order

As I step into my role as president of Nasscom, I view the next five years as a critical period, shaped by the intersection of three forces: Technology, threats, and territories.

time-read
4 minutos  |
November 02, 2024
STARS AND STYLE
Business Standard

STARS AND STYLE

The two biggest ever stars of Indian movies have followed contrasting styles as brands

time-read
4 minutos  |
November 02, 2024
Business Standard

Overhaul of HVLDE norms on cards

Market regulator Sebi has proposed an overhaul to the framework governing high-value listed debt entities (HVLDEs) in a bid to reduce the compliance burden.

time-read
1 min  |
November 02, 2024
Sebi moots changes to ERP framework
Business Standard

Sebi moots changes to ERP framework

Revision to allow ERPs to rate unlisted securities

time-read
1 min  |
November 02, 2024
Business Standard

Testing the Midwestern assumption

Every now and then, a moment comes when the assumptions underlying a nation's politics are completely overturned.

time-read
3 minutos  |
November 02, 2024
Business Standard

From alienation to acceptance

A third of the way into Matthew Rankin's Universal Language, one stops wanting to know the film's secret and begins swimming in its mystery instead.

time-read
3 minutos  |
November 02, 2024