TCS sees major business from European clients hit by pandemic
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Indian software company Tata Consultancy Services Ltd (TCS) is seeing acceleration in some parts of its business across Europe as the pandemic pushed companies to adopt new technologies more rapidly, a top executive said.
Europe has been the fastest growing region for TCS from where it gets about a third of its annual revenue of $22.17 billion. In the last full year, continental Europe was the only geography that showed growth for TCS.
The pandemic has proven that you can collaborate remotely and certain technologies where adoptions were slow, such as collaboration technologies or cloud, the openness has increased and therefore there is an acceleration, Sapthagiri Chapalapalli, head of TCS Europe, said in an interview.
TCS, India's largest IT exporter, operates in 19 countries across Europe, catering to dozens of big clients such as Deutsche Bank, SAP, ASML, Infineon, and ABB.
