Trump worries have changed nothing for TCS on ground: Chandra

Trump worries have changed nothing for TCS on ground: Chandra
Allaying investor fears that US President Donald Trump’s policies could spell bad days for the IT sector, Tata Sons Chairman N Chandrasekaran said that nothing has changed, and that Tata Consultancy Services (TCS) continues to recruit across markets.

“On the ground, nothing has changed. We continue to operate successfully; we continue to recruit people in every market,” Chandrasekaran said, while addressing shareholders at the company’s annual general meeting.

“We are among the top recruiters in many markets including the US, and adhere to local laws in every country that we operate in,” Chandrasekaran added. Incidently, Chandrasekaran was the Chief Executive Officer of TCS, prior to being promoted to the office of Tata Sons Chairman.

Meanwhile, TCS had brought down its gross hiring in FY16 to around 78,000 from 90,000 in FY15, and had indicated that it will come down further. The company had also indicated that it will comply with the local norms of respective countries. “TCS has been compliant and will be compliant going forward as well. We will tweak our model in order to stay compliant. The company has been trying to ensure a less visa-dependent model and we are going there,” TCS Executive Vice President and Global Head (Human Resources) Ajoy Mukherjee had stated during the company’s fourth quarter earnings.

According to Chandrasekaran, TCS has identified three themes for the current fiscal. “Three themes have been identified for FY18. These include agility, cloud and automation,” he said.

Key products and platforms will drive growth in the current fiscal, Chandrasekaran said, adding that the future of technology is very bright, and that the company has immense opportunities and is working strong and hard to grow and scale new heights.

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