Oct 17, 2016 09:31 AM IST IST | Source: Moneycontrol.com

Tech spends won't come down:TCS Chief Chandrasekaran

On the back of its slowest revenue growth in the decade in second-quarter results, TCS Chief Executive Officer N Chandrasekaran said that there is no truth that tech spends would come down

Moneycontrol Bureau

On the back of its slowest revenue growth in the decade in second-quarter results, TCS Chief Executive Officer N Chandrasekaran said that there is no truth that tech spends would come down, according to a report in The Economic Times on Monday.

Chandrasekaran told the newspaper that the company has built very strong relationships with the industries it serves and is catching up with the demand.

He said that TCS is exploring ways to “effectively use blockchain to bring a real-time behaviour between (multiple) nodes in a financial process”.  He added, “What we are trying to do is not just understanding block-chain technology but how to re-imagine it for a particular process.”

Chandrasekaran said that the company’s digital revenues have been growing swiftly. “We are investing. The only thing I can say is our digital revenues are growing rapidly. It’s about 16.1 percent of our revenues, and we started reporting it two quarters back,” he told the newspaper.

Chandrasekaran asserted that digital isn’t about building mobile apps anymore. “We would all like to know – the market would like to know – if all this change is happening, why can’t we get a lot of revenues out of this?” he asked.

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