business

TCS CEO K Krithivasan: We believe there is a greater opportunity to increase pricing

K Krithivasan, CEO of Tata Consultancy Services (TCS), will be completing a year of steering the country’s largest IT services company through choppy waters, amidst macroeconomic uncertainties and lack of visibility around demand, delayed deal closures. The company has still managed to report its highest quarterly deal pipeline of $13.2 billion, along with an improvement of over 100 bps in operating margins for the fourth quarter sequentially to 26 percent. Net profit too beats Moneycontrol’s estimates, though revenue growth has been moderate in comparison. With all of these factors at play. Krithivasan believes there’s still headroom for improving margins. In an interview with Moneycontrol's Chandra R Srikanth and Debangana Ghosh, he discusses upcoming price hikes, FY25 expectations, generative AI opportunity and more.

first published: Apr 15, 2024 09:31 am