Signals, Powered By EquityPandit
Tata Consultancy Services Ltd (TCS) is seeing an acceleration in some parts of its business across Europe as the pandemic pushed companies to adopt new technologies more rapidly, a top executive said. Europe has been the fastest-growing region for TCS from where it gets about a third of its annual revenue of $22.17 billion. In the last full year, continental Europe was the only geography that showed growth for TCS.
The pandemic has proven that you can collaborate remotely and certain technologies where adoptions were slow, such as collaboration technologies or cloud, the openness has increased and therefore there is an acceleration, Sapthagiri Chapalapalli, head of TCS Europe, said in an interview.
“When things open up, you also need to be cautious … cyber security for example has become a very important topic because when you want to open up you need to do it in a secure way.”
TCS, India’s largest IT exporter, operates in 19 countries across Europe, catering to dozens of big clients such as Deutsche Bank, SAP, ASML, Infineon, and ABB. IT service providers are seeing growth in the region as many European companies upgrade their computer technologies, coupled with a shortage of people with the required digital skills, partly because of an aging population.
Stock Covered in the news
