The country's largest software services exporter said that momentum is picking for social, mobile, analytics and cloud (SMAC) technologies, which offer a "multi-billion dollar opportunity" in revenues for the company in the next 3-5 years.
Also read: S&P ups TCS, Infosys, Wipro credit rating to A from BBB+
"When we started 2013-14, we had said it will be a good years and we will still stick to that. This has been a year in which normal business performance has been good. But for digital it has been a very good year," TCS CEO and Managing Director N Chandrasekaran told reporters.
SMAC technologies are driving enormous opportunities across sectors and the firm is poised to "leverage the opportunities on the back of enormous investments it has made on them," he added.
"2014-15 will be a better than 2013-14 as per the initial talks that we have had with our clients. We expect a good growth overall -- retail, consumer goods and services, utilities, pharma, financial services, etc," he said.
Buoyancy in outsourcing demand and increasing confidence among clients is driving hopes for a better year for the USD 108 billion Indian IT-ITeS industry.
While the Indian IT sector weathered effects of sluggish global economy and currency fluctuations, the proposed US Immigration Reform Bill still remains a concern until further clarity on the final Bill.
Even as rivals have taken a 'cautiously optimistic' view of the environment, TCS has remained confident of the outsourcing demand pipeline.
On SMAC, Chandrasekaran said: "We established a digital collaboration centre in the Silicon valley two years back and have various other investments across geographies. No doubt, SMAC presents a multi-billion dollar revenue opportunity in the next 3-5 years."
Digital presents a unique opportunity to strategically partner and participate with clients as they re-imagine their future in multiple dimensions, he added. Talking about the India market, he said the environment continues to be volatile.
"As the elections are around the corner, there would be a delay in spending and also the mix of our business in lopsided toward discretionary spending, we expect it to continue to be volatile. We have come to live with it,\" he added.
On the hiring front, TCS said they will hire about 25,000 college graduates who will join the firm in the next fiscal. Besides, the firm will also be hiring across geographies like the US and Europe to keep up with demand for services. TCS reported a healthy 34 per cent rise in consolidated net profit to Rs 4,702 crore for the July-September quarter on the back of large deal wins.
TCS stock price
On December 16, 2013, Tata Consultancy Services closed at Rs 2017.30, up Rs 14.40, or 0.72 percent. The 52-week high of the share was Rs 2258.05 and the 52-week low was Rs 1197.60.
The company's trailing 12-month (TTM) EPS was at Rs 77.28 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 26.1. The latest book value of the company is Rs 165.73 per share. At current value, the price-to-book value of the company is 12.17.
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