The management is optimistic on the road ahead for the company. TCS is planning to give 12-14% wage hike in India and 2-3% in the US. The management says that the hiring and wage hike indicate positive demand scenario. �We are preparing ourselves to respond to demand environment,� the company says.

The company attributed its performance in the January-March period, which was in line with street expectations, to excellent execution and constant customer focus. During the period, its revenue jumped by 5.1% to Rs 10,157 crore as against Rs 9,663.4 crore in previous quarter.

Talking about the company, TCS CEO N Chandra says: "The demand environment is vibrant and our full-services strategy and domain-intensive solutions give us great platform for growth."