Tata Consultancy Services (TCS) is optimistic about opportunities in its home market and new markets like the Middle East, Africa, and Latin America. TCS CEO, K Krithivasan, believes that India offers many opportunities and choosing not to participate in the Indian market would be a big miss. TCS, the largest software services exporter in India, is also focusing on new markets like the Middle East, Africa, and Latin America. The company expects these markets to grow faster and act as a cushion for growth during tough times. In contrast to some of its peers, TCS sees potential in India’s tough market and expects a slight ease in global technology spending after this year’s presidential elections in the US. The company believes that any recovery in the US, which accounts for nearly half of TCS’ revenue, will be beneficial. TCS aims to bring back growth for the company and has seen a significant increase in revenue and profit despite the challenges faced by the IT industry. TCS reported a net profit growth of 9.1% on-year in the final quarter of FY24, beating expectations. The company recorded a 3.5% increase in revenue year-on-year. TCS sees opportunities in key verticals like banking and financial services and believes that industry demand will revive in the medium term. The company has managed to keep its operating margins high through better execution and strategic deals. Despite operating in a price-competitive market, TCS has maintained its margins through reduction of subcontractor expenses and utilization improvement. The company will continue to prioritize win-win deals and strategic reasons for picking deals with lesser margins. TCS believes that once the market knows the new government’s policies after the US presidential elections, there will be more certainty and appropriate business decisions can be made.