No pricing pressure seen in tradition, new technologies: TCS CFO

In a Q&A, V Ramakrishnan says firm is confident of growing business, as it works to boost efficiency

While Tata Consultancy Services (TCS) showed muted growth in the first quarter, the company says it has enough leverage to grow its business from clients, even as it improves efficiencies. The disruption in the retail and banking businesses, due to online commerce and the emergence of financial technology firms is an opportunity, says V Ramakrishnan, chief financial officer at TCS in an interview with Romita Majumdar and Raghu Krishnan. Edited Excerpts:

Can you maintain the guided margins (26-28%) in the coming quarters?

During the quarter, salary hikes and currency appreciation had an impact on margins. Salary hikes are always introduced in April.