Customer spend in FY12 to be better than last fiscal: TCS

IT major Tata Consultancy Services (TCS) is betting big on FY12. In an interview to CNBC-TV18, N Chandrasekharan, CEO and MD of the company said that demand environment is looking good.

On an optimistic note, Chandrasekharan added that customer spend in FY12 is poised to be better than the last fiscal. He said so far there has been no business impact from the political unrest in the Middle East and North Africa. Adding that TCS has seen good traction in all other markets, he noted that Europe is recovering but is slightly behind the curve. TCS, whose clients include Citigroup and General Electric posted a market beating 30% rise in quarterly profit in January as it saw the highest client additions in seven quarters. Chandrasekharan said that TCS will continue to recruit more this fiscal. It is to be noted that TCS has already surpassed its