Tata Consultancy Services (TCS) on Thursday reported better-than-estimated consolidated net profit of Rs 6,318 crore for the first quarter ended June 30, 2016 against Rs 6,347 crore in the sequential quarter ended March 31, 2016. The company had reported net profit of Rs 5,773 crore in the corresponding quarter a year ago.
Speaking to CNBC TV 18, Tata Consultancy Services’ CEO Natarajan Chandrasekaran said he was not worried about the future and does does not expect any slowdown in the near-term future.
Here are highlights of what TCS CEO Natarajan Chandrasekaran has to say:
Don’t expect any slowdown in the near-term
Would have liked to do better in Japan, BSFI
Will act if we find the right target at the right price
Seeing a large scale shift towards Cloud Adoption
Seeing significant movement in Cloud Adoption in Europe
Have trained 25,000 employees in Q1 in digital
Last year gross additions at 90,000, will be lower this year
Working towards hiring more locally in US
Will be compliant with the new Visa regulation
Productivity improvement has helped cushion impact of wage hike
Need to see what impact Brexit will have
Japan market will take time, not worried about it