Tata Consultancy Services wants to increase focus on cloud computing as a part of its effort to get around 10 per cent of its growth from non-linear sources by March 2012.

Addressing a conference, Mr N. Chandrasekaran, CEO and Managing Director, TCS, said that the company was looking at BPO clouds, iON (an integrated IT solution for SMBs) and products like its TCS Financial Solutions banking platform to reach this figure.

Talking about the state of the economy, he said that the spending in 2011-12 will be better than the previous year. “North America is doing very good and while Europe is behind the curve, it is recovering.”

Discussing sectors, Mr Chandrasekaran said that retail, pharmaceuticals, travel, manufacturing and hi-tech were doing well. Finance, he said, was an area of special importance and he said TCS saw opportunities in analytics, compliance, and new solutions.

Talking about investments, he said, “Mobility, social media and green technology are areas where we are making significant investments.”

While acknowledging the importance of getting more non-linear growth for the company, Mr Chandrasekaran said that TCS would recruit at least 50,000 people in 2011-12 and plans to make 37,000 fresh trainee offers. The company is also setting up a training centre in Kerala that has a capacity to train 10,000 people.

While many large companies typically do projects using a results-based approach, this way of thinking has not percolated to SMBs, but Mr Chandrasekaran said that iON, which currently follows a monthly subscription model, may one day follow an outcome-based model.

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