TCS sees surge in price uptake

  “We saw (signs of) price uptake happening in December after two years of tension,” CEO & Managing Director N Chandrasekaran told reporters on the sidelines of World Wide Web conference.

 “We’re seeing signs of price uptake after six quarters as demand continues to be good. We think this would carry on into the next fiscal year,” he added. Chandrasekaran, who also inaugurated TCS’ new training facility, said he has been concerned by Europe’s continuous “lagging” whereas the US shows promise of recovery.

The CEO also admitted that Japan’s quake and tsunami would have a milder impact, though it will not be significant. Chandrasekaran said the training campus will train 6,000 to 8,000 professionals in the next 12 months. “Hyderabad has been an important centre for us.

About 15,000 professionals work for us from here. The centre would add to our strength in the city,” he added. He rejected suggestions that TCS has been behind its rivals in terms of pricing, pointing that the company’s margin has improved by 500 basis points in the last six to seven quarters.