“We want to look at opportunities for bringing some strategic capabilities, whether it is in
platforms, whether it is in markets,” he told Reuters in an interview. The company, which has about $2 billion in cash, has not earmarked a specific amount for acquisitions, he said.
TCS expects to see “marginal improvement” in pricing for fiscal year that began in April and expects to sustain current operating margins, Chandrasekaran said.
TCS expects technology budgets at top clients to rise 1 to 4 per cent in the current fiscal year as companies boost spending on technology to improve efficiency, Chandrasekaran said.
TCS expects attrition to reduce by 1 to 2 per cent points in the current fiscal year, he added. Attrition at TCS stood at 14.4 per cent in the fourth quarter, lower than Infosys, which saw a 17 per cent turnover rate in the same period.
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