TCS’ outlook improving after 2 years of recessionary fears: Chandrasekaran

Tata Consultancy Services (TCS) is investing in new technology and hopes to do better in financial year 2024-25 (FY25) after two years of “recessionary fears”, said N Chandrasekaran, chairman of India’s largest information technology services firm.

Artificial intelligence (AI), new energy, supply chain, and talent are “mega trends” shaping the priorities of global industries as the macro environment goes through a significant shift, he said in a letter to shareholders in the firm’s annual report.