]The coming financial year (2013-14) could be a much better one for the IT industry in general, with growth rate likely in the range of 13-14 percent, said N Chandrasekaran, managing director and CEO, Tata Consultancy Services .
In an interview to CNBC-TV18, he said customers from many markets were increasing IT investments. However, he does not expect any uptick in billing rates, though there may not be any downward pressure either .
Chandrasekaran said there were no client-specific issues in any of TCS's portfolios and did not foresee any volatility in revenues across quarters in FY14. He said there was enough room to increase productivity and wage hikes could be modest in FY14.
TCS shares have risen nearly 25 percent over the last three months, after strong third quarter numbers from IT majors boosted sentiment for the sector in general. Among peers, Infosys and HCL shares rose 23 percent each, and Wipro 11 percent.
AMIT KUMAR SINGH
PGDM 2ND SEM
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