India's TCS expects retail, manufacturing revival after banking recovery

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India's TCS expects retail, manufacturing revival after banking recovery - Channel News Asia

Quick Summary:

BENGALURU/MUMBAI : India's Tata Consultancy Services expects its retail and manufacturing clients in North America to step up spending on tech, following a similar upturn in its banking and financial services segment, a top executive of the nation's No.1 software-services exporter, said".

TCS' communications and media vertical, a capital-intensive segment that is currently one of the company's laggards, will also see some pickup if interest rates start to go down, Seksaria said.

The comments echo CEO Krithivasan's sentiment that the incoming U.S.administration is likely to remove policy uncertainty and boost client confidence to spend on discretionary projects.