TCS CEO optimistic about 2025 as order book hits record high in Europe

Tata Consultancy Services (TCS) reported mixed results for the third quarter but remains optimistic about 2025. CEO K Krithivasan noted a strong order book, particularly in Europe, and shorter deal closure cycles, indicating a potential increase in discretionary spending. Krithivasan highlighted a shift towards more transformative projects in their pipeline. He mentioned that while cost optimization remains important, there is a growing percentage of discretionary projects, which could positively impact technology spending in the coming year. TCS plans to replace declining revenue from a major project with new international contracts and regional market growth. The company is also focused on expanding its workforce, aiming to onboard 40,000 trainees despite a recent decrease in headcount.