Situation to take time to improve, deal demand strong: TCS

Noose around the IT companies is just getting tighter with almost no solution to the European debt crisis. Companies like TCS and Infosys are trying their best to get the clienteles intact and more deals coming in even in an adverse situation.

February 17, 2012 / 19:37 IST

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Noose around the IT companies is just getting tighter with almost no solution to the European debt crisis. Companies like TCS and Infosys are trying their best to get their foreign clienteles intact and more deals coming in an adverse situation.

However, it is some more time that these IT companies, whch bank heavily on foreign clients, will breathe a sigh of relief. S Mahalingam, CFO, TCS feels that the tough economy situation will take time to improve. .

In an interview to CNBC-TV18, he said, "I think the economic situation will take some time to improve. I don

first published: Feb 17, 2012 12:53 pm

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