No client pullbacks due to recession fears: TCS

Tata Consultancy Services NSE -4.55 % (TCS NSE -4.55 %) is “vigilant” about the inflation and recession concerns in its largest market of the US although it is not seeing any “panic situation” among its clients, said a senior company executive of the country’s largest software services firm.

Speaking exclusively to ET, Samir Seksaria who was elevated to the role of chief financial officer of TCS in May 2021, said that the company is regularly polling customers to gauge their sentiments on the likelihood of a recession. “At an operating level we do not see any pull backs or panic situations yet… rather they are investing further in technology,” he added.