Interview - TCS CEO N Chandrasekaran:

hile some of your peers seem stuck in restructuring efforts, TCS has had a fairly smooth ride. Do you think the TCS rejig in 2008 made it better prepared for this growth?

I cannot quantify whether the restructuring helped in the slowdown. But it has been an important factor. It created focused teams, brought in more customer connect, which has resulted in more opportunities and people getting on to leadership roles. Having an organisational structure with a very focused leadership and client relationship has helped.

FY11 has been a record year. Can we expect similar momentum for the next fiscal?

The deal pipeline and demand environment we see today is better than what we saw last year. Of course, we have announced a 12-14 per cent wage hike, one of the highest so far. Moreover, currency (changing value) continues to be a challenge. As for the client environment, it is guided by what we see in terms of the IT spend among our addressable base. We have spoken to all the top clients and my addressable spent is increasing by one to four per cent. And, though we are really strong in the financial sector segment, we are seeing opportunities from sectors like retail, pharma, etc.