India’s largest software exporter Tata Consultancy Services (TCS) is upbeat about growth from the US market even while it feels that the growth from the Indian market would not change substantially.
?While theUS leads, Europe is lagging,? says N Chandrasekaran, CEO and MD. According to him, the Indian market is growing and contributes to about 8-10% of the total revenues. ?However, we do not expect any substantial growth in India as closure of deals takes longer time. Besides, the overall size of the market is not big enough to increase the share of revenue,? he said. He was in Hyderabad to inaugurate its first learning and development center for campus trainees. The new center is equipped to train 6,000 professionals in a year.
?The US market is growing faster as companies are acting positive and faster,?? he said. In the process, it is looking at acquisitions which may add value or assets to its growth. However, the European market is lagging behind. ?But Europe, which contributes about 27% of the revenue, would still form a key strategic market from economic business point of view and there is equal priority for both the markets,? he said.
