Tata Consultancy Services Ltd.

Tata Consultancy Services (TCS) is planning to continue investing in research and innovation, office spaces and technology infrastructure at the same pace even as it wades through near-term volatilities. The company is also planning to continue aiming for higher utilisation and lowering the reliance on outsourced workers as it chases the aspiration of profit margin expansion.

The company typically spends Rs 1,200-1,500 crore in research and innovation and Rs 3,000-4,000 crore as capital expenditure on back-end technology needed to deliver work and office spaces, and the same should continue going ahead.

TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.