Tata Consultancy Services (TCS) is looking at a strong fiscal year (2014-15) post decisive mandate.

Tata Consultancy Services (TCS) on Saturday said it is looking at a strong show in the ongoing fiscal year (2014-15) supported by global economic revival and hopes of a pick-up in India business on account of the decisive mandate in elections.

"From an economic perspective, we are seeing a revival in every part of the world, that's a big positive from our point of view," TCS chief executive and managing director N Chandrasekaran told reporters in Bangalore.

"If you look at there are two important things that are happening because of economic revival. First, it is continued focus on driving efficiency by companies transforming investments in IT to a state of preparedness for the future; second, is the adoption of digital technologies in a big way," he said.

In mid-April, India's largest software services firm posted a 48.2 per cent jump in net profit at Rs. 5,358 crore for the fourth quarter of FY14 and sounded optimistic that it would do better this year.

Stating that from a specific market point of view, the US continues to be very attractive, Mr Chandrasekaran said, "It continues to adopt technologies and the economic recovery is faster; Europe definitely is doing well and we witnessed significant growth all through last year and we expect it to continue this year also. Our acquisition in France also is driving growth."

"Third market where I would like to make a statement is Japan, we did a strategic transaction in April and that is definitely going to drive new opportunities for TCS. So, we are very bullish about Asia as well," he said.

He also said all these markets are driving growth apart from Latin America and Middle East Africa.

Reiterating what he had earlier stated, he said India will be soft till the completion of elections.

"We have got a historic mandate yesterday, a very decisive strong mandate, I'm extremely positive that things will pick up in India much sooner with these results," he said.

"I expect that the new government will adopt technology very significantly. Our nation will adopt digital technology much more than ever before so I expect lot of growth, but these are early days so we should wait for some time for the new government to be formed."

Narendra Modi on Friday stormed to power at the Centre, putting the NDA on course for about 335 seats in the Lok Sabha and the BJP an absolute majority on its own for the first time in polls.

"Also, I think from the private sector point of view lot of activity will happen so I think India will again begin to grow later part of this year," he added.

Story first published on: May 17, 2014 20:41 (IST)

Tags: N Chandrasekaran, Tata Consultancy Services, TCS, election results,Narendra Modi, BJP