Technology to push investments globally for many more years: TCS chief Rajesh Gopinathan

Technology to push investments globally for many more years: TCS chief Rajesh Gopinathan
Mumbai: Technology will be the primary driver of investments worldwide over the next five years and more, according to Rajesh Gopinathan, chief executive officer of Tata Consultancy Services (TCS), who expects volatility due to geopolitical conflicts and possible decoupling of the global economy to, in fact, stoke demand for specific technologies.

Cyber security, building resilient and adaptable supply chains, various forms of data protection and sovereignty-related issues will emerge as "big drivers for technology spend globally", the 51-year-old chief executive officer said in an interaction with ET.

India’s largest software services company is aiming for "profit-driven growth," as it looks to double its revenue to $50 billion by the end of the decade. “We are closer to a cycle than a sports car. It's not about the speed rush, it’s organic growth and we know that balance is more important than the sport," Gopinathan said.


The $25.7 billion software giant expects to match double-digit growth with margins of 26-28%.

In the financial year 2022, TCS grew 15.9% on the back of record deal wins amounting to $34.6 billion for the full year with nearly a third coming in during the final quarter. In comparison, rival Infosys grew 19.7% but clocked lower operating margin at 23% compared with 25.3% reported by TCS.

"The theme that technology will b ..

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