# TCS CEO: Industrial Demand Recovery Expected

> TCS CEO Krithivasan predicts industrial demand recovery amid global market resilience.
- Title: TCS CEO: Industrial Demand Recovery Expected | Shortify
- Summary: TCS CEO Krithivasan predicts industrial demand recovery amid global market resilience. TCS expects industrial demand to recover in core international markets…
- Keywords: tata consultancy services, k krithivasan, industrial demand, bfsi, ai growth, operating margins, perm program suspension, business, money, news, TCS, CEO
- Source: Financialexpress — https://financialexpress.com/business/industry-qa-we-expect-industrial-demand-to-recover-tcs-md-ceo-k-krithivasan-4358907
- Author: Urvi Malvania
- Published: 2026-10-12T00:47:56+00:00
- Read time: 1 min
- Topics: tata consultancy services, k krithivasan, industrial demand, bfsi, ai growth, operating margins, perm program suspension, business, money, news
## TCS CEO Krithivasan
TCS Managing Director and CEO K Krithivasan discusses demand trends and AI growth in an interview.

> we expect industrial demand to recover
## Core Markets Resilience
TCS expects resilient international demand driven by bfsi, manufacturing and technology services.

> we expect industrial demand to recover
## Q2 Performance
TCS reported constant-currency growth of 0.5% with international growth of 1.2% in q2.

> in q2 we had constant currency growth of 0.5%
## AI Revenue Growth
TCS crossed $3 billion annualised ai revenue with $500 million growth over last quarter.

> we crossed the $3 billion annualised revenue mark
## US PERM Program Impact
TCS has over 50% of us workforce as green card holders or citizens despite perm suspension.

> more than 50% of our us workforce are already green card holders or citizens
## Margin Challenges
TCS maintained flat operating margins due to hiring, partnerships and currency effects.

> we have been adding people over the past two quarters
## Key takeaway

TCS expects industrial demand to recover in core international markets despite retail pressures from inflation and tariffs.