Tata Consultancy Services (TCS), the country's largest software exporter, said it is still focussed on winning the US market.
CEO Rajesh Gopinathan said in an interview to the Economic Times that US-China trade war is yet to be seen. He said that the IT major has the operational discipline to deal with a slowdown but is still focused on winning the US market. "I want to be cautious about not talking ourselves into a situation. We will deal with it as it unfolds," he said to ET.
Meanwhile, news reports mentioned that TCS won't offering discounts to get new deals. It will not engage in a price war, it said.
Though the IT major is seeing a drop in prices by other firms, it will not follow suit, a report in Mint said. "We are not worried about the pricing play of our competition because we have always maintained you cannot compromise margins to funnel growth," said chief operating officer N Ganapathy Subramaniam.
On Thursday, TCS reported a record quarterly profit helped by gains in its key banking, financial services and insurance (BSFI) division and said it was well positioned for 2019 with a strong pipeline of client orders.
The crown jewel in the Tata Group reported 24.1 percent growth in net profit at Rs 8,105 crore for the quarter ended December 2018. The company had posted a net profit of Rs 6,531 crore in the same period last fiscal as per Indian accounting norms.
Firstpost is now on WhatsApp. For the latest analysis, commentary and news updates, sign up for our WhatsApp services. Just go to Firstpost.com/Whatsapp and hit the Subscribe button.
Updated Date: Jan 14, 2019 11:39:28 IST