It's not yet a Mayday signal: TCS

CHENNAI: Tata Consultancy Services (TCS), the country���s largest software exporter, said it expected the low demand for IT from the troubled financial sector in the US to be offset by demand from other sectors.

However, the overall growth is likely to be slower than last year, a top executive said.

Earlier, speaking at the India Finance Forum, a two-day seminar organised by Confederation of Indian Industry, TCS CFO S Mahalingam said the turbulent times in the world economy meant ���the fasten seat belt sign is on, but not a ���Mayday��� signal.��� Still, the software industry was in its growth phase, he added.