The second-quarter (Q2) results of Tata Consultancy Services (TCS), India’s top IT services player, missed estimates. N Ganapathy Subramaniam, chief operating officer and executive director, in an interview in Mumbai with Shivani Shinde, talks about high total contract values (TCVs) but soft revenue growth, the back-to-office mandate, the UK leading the growth charts, and hiring about 200,000 in two-three years, with some never coming to office. Edited excerpts
Is the uncertainty more this time around? Especially in the light of the Q2 performance and no clarity on customer spend.
There are broad macro indicators and every sector has specific issues.