- Sunday, March 09, 2025
By: Shubham Ghosh
Funding commitments for digital push remain intact despite macro-economic challenges, the chief executive of India’s information technology (IT) major Tata Consultancy Services (TCS) Ltd said on Monday (17), Reuters reported.
After reporting quarterly results last week, the South Asian nation’s IT service providers indicated that companies that were splurging top dollar during the Covid-19 pandemic have become watchful in regions such as Europe and the US.
The pandemic unlocked a number funding commitments in terms of digital transformation, TCS chief executive Rajesh Gopinathan told Reuters.
“When you look forward, for the next 12 to 18 months, that excitement level (towards digital transformation) has died down, but the funding commitments have not gone away. What we are getting into is the second leg of these transformation journeys, which is very critical,” he said.
