The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Kumar Rakesh - BNP Paribas, Research Division - Analyst
: My first question was again on the margin side. So on the subcon side, practically speaking, suppose we enter into a weak demand scenario. And
that is one of the levers, which we potentially have to improve our cost structure. In such a scenario, how much of the subcon benefit we can
potentially drive? What I'm trying to understand is how much of our cost or cost impact is coming from subcon currently given the supply constraint,
which we are facing.
Question: Kumar Rakesh - BNP Paribas, Research Division - Analyst
: So what I understand is that we can stabilize it at 7% if the need arises, okay?
Question: Kumar Rakesh - BNP Paribas, Research Division - Analyst
: My second question was around the pressure hiring target we had set about 40,000. How we are progressing on that? And has that changed that
target?
Question: Ravi Menon - Macquarie Research - Analyst
: Are there any soft spots that you see within the verticals, any verticals that we are seeing in like plan shift towards more efficiency-oriented programs?
Question: Ravi Menon - Macquarie Research - Analyst
: We -- how do your comments on the press conference, you were talking about how the U.S. will likely be the main driver of growth item. But I
thought that you
(technical difficulty)
Question: Ravi Menon - Macquarie Research - Analyst
: And one follow-up on -- I think we've talked about the bench quite a bit. We've seen strong hiring well ahead of revenue growth for quite some
time now but we've also seen subcontracting keep going up. So while you've been building up capacity and pension. So why is this not really
showing up and lower subcontracting? And when should we start seeing revenue growth and headcount growth start converging?
Question: Ravi Menon - Macquarie Research - Analyst
: Right. Sorry, one last thing, and when you said that you should see this normalized, should there also be linked to attrition when we see attritional
start coming off? Should we think about the utilization moving up?
Question: Ravi Menon - Macquarie Research - Analyst
: Right.
Question: Dipesh Kumar Mehta - Emkay Global Financial Services Ltd., Research Division - Analyst
: A couple of questions. Starting with regional market. If I look, our regional market performance remain muted for some time. And even that if one
due to (inaudible) also remains softer. So if you can provide some sense about how we look at regional market?
Second question is about the pressure hiring. And how we look, '23, we are indicating about 40,000. But considering one year advance, we plan
for '24 also, how we are thinking on that line? What kind of plan we have for next year offer to be made?
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
JULY 08, 2022 / 1:30PM, TCS.NS - Q1 2023 Tata Consultancy Services Ltd Earnings Call
And last question is about deal pipeline. Any softness or any uptick we are seeing in deal pipeline buildup, if you can comment on that.
Question: Dipesh Kumar Mehta - Emkay Global Financial Services Ltd., Research Division - Analyst
: Hiring for FY'24.
Question: Dipesh Kumar Mehta - Emkay Global Financial Services Ltd., Research Division - Analyst
: And last question was about deal pipeline build up. Any changes we are seeing there?
Question: Dipesh Kumar Mehta - Emkay Global Financial Services Ltd., Research Division - Analyst
: Understood. And last question, if I can squeeze about on-site salary. Can you quantify what kind of hike we gave for on-site employee this quarter?
| 
