TCS expects revival to start from BFSI sector

In the midst of the gloomy economic environment, Tata Consultancy Services (TCS) says the road to recovery will start from the banking, financial services and insurance (BFSI) sector across the US, Europe and the UK. However, the company isn t sure of the timeline and still wants to wait and watch at least for the next three-five months, when it feels the economic situation will start to stabilise. For the first quarter, the BFSI segment contributed 43.9% to the overall revenues, up from 42.5% in the same quarter last year. The US continues to contribute the largest with 56.9% and Europe ...

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