TCS won’t forego margins for growth

Global macroeconomic obstacles disturbing technology markets worldwide would not snowball into a full-blown crisis, according to K Krithivasan, CEO-designate of Tata Consultancy Services. Terming it more as a short-term blip, he said TCS will not forego margins in search of growth. India’s largest IT firm will give its top performing employees a 12-15 per cent salary hike to keep them on board. It hopes attrition will decline from 20 per cent to 13-14 per cent in the second half of the financial year.

TCS will have to focus on strengthening relationships with large customers who constitute the bulk of its revenues. It would also work to contain attrition despite a shrinking job market. Moneycontrol