The CEO says a $50-billion revenue target by 2030 is still a ‘possibility’
Tata Consultancy Services’ chief executive officer K Krithivasan believes the IT major can still hit a revenue of $50 billion by the end of 2030, provided the company can return to a double digit growth soon.
Krithivasan, in an interview with Business Standard, said that former CEO Rajesh Gopinathan had never set any specific date for the revenue target, but it is still a ‘possibility’.
He said its his ‘aspiration’ and would like to work with the assumption that growth will “improve going forward”.
He also reiterated that the company will have a better FY26 compared to FY25 in terms of growth. The Tata group company’s top executive exuberated further confidence from $39.4 billion worth of contracts signed in FY25 and its continued growth in international markets, according to the newspaper.
On the current uncertainty induced by tariffs, Krithivasan said that it will be ‘resolved’ sooner than the crisis caused by the Covid-19 pandemic.
Last week, the country’s largest IT services player reported a 4.2 percent growth in constant currency (CC) for the financial year 2024-25, the second consecutive fiscal of low single digit growth amid business uncertainties for the wider sector.
FY25 though was a tad better than the previous year when the company grew at 3.4 percent.
The Mumbai-headquartered firm had the second highest quarterly order book at $12.2 billion without any mega deals in Q4.
Source: www.moneycontrol.com