Weakness in sterling and softness in macros were the main headwinds for TCS. However, N Chandrasekaran, CEO & MD of TCS expects the latter to go away post November.
Speaking to CNBC-TV18 post announcing quarter 1 numbers for TCS, its MD and CEO N Chandrasekaran said that he was overall satisfied with the results. "Combination of factors aiding the results has been good. Attrition is down, he said, adding that it has been a well-rounded performance.
Rajesh Gopinathan, CFO & Vice President, says TCS will continue to persist with its two quarter forward rolling strategy of currency hedging.
While agreeing that there is heightened competitiveness, Rajesh Gopinathan, CFO and Vice-President, TCS, is confident of achieving growth better than industry. He also adds that the company saw a currency tailwind of 70 basis points on margins.
TCS vice-president and CFO Rajesh Gopinathan believes the company is entering FY16 in a positive business environment.
The IT bellwether is hopeful of achieving its attrition target for the current year. The company said it had already hired 36,000 out of its 55,000 target for the year.
Ajoyendra Mukherjee, EVP & Global Head - HR, TCS says: "Using big data and analytics, for example, spotting talent by looking at social media these are things we are experimenting with at this point."