‘We see early signs of revival, but challenges remain ’, TCS CFO Samir Seksaria

Despite missing Street estimates on revenue and net profit, the analyst commentary on TCS’s performance has been positive on the back of early signs of revival of discretionary spending and the firm’s robust order book.

Samir Seksaria, chief financial officer of TCS, in an interview with Urvi Malvania and Ayanti Bera, talked about operational efficiencies, emerging market growth, and client trends favouring projects with quicker returns. He also said that any proposed changes in H-1B visa norms like raising minimum salaries and levying an annual visa maintenance charge will have minimal impact on TCS. Excerpts: