‘Multi-year tech upgrades to benefit TCS’

BENGALURU: TCS CEO Rajesh Gopinathan said the company is seeing a multiyear technology upgradation cycle as its clients build a digital core and bring in a new business model harnessing data and analytics.

Rapid adoption of cloud, as people continue to work remotely and companies adopt a hybrid work model, is also expected to help IT service providers who have been assisting clients shift from on-premise IT infrastructure.

“These initiatives together will result in a significant technological transformation across multiple industries which gives us long-term visibility in the overall demand environment and we are gearing up for that,” Gopinathan said at the second virtual annual general meeting of TCS on Thursday.