The company is also seeing a strong revival in the telecom sector and expects clients to start investing. IBM is also on the lookout for acquisitions to build capabilities.
Rebalancing of workforce is an ongoing exercise
Vanitha Narayanan
MD
IBM, India
The company is also seeing a strong revival in the telecom sector and expects clients to start investing. IBM is also on the lookout for acquisitions to build capabilities.
Below is the transcript of Vanitha Narayanan's interview with CNBC-TV18's Shereen Bhan.
Q: Your take on India…
A: There is a level of confidence about both government actions and also policy actions which are now a bunch of private sector actions to occur. So overall I would say confident mood and whether you look at whether it's smarter cities, growth of small enterprises leveraging new technologies or large private clients who have sort of held investments back in and are now ready to go ahead and commit.
Q: Are you beginning to see that already, are clients now putting money on the table because our sense is that while the mood has changed people are not beginning to make investments just yet?
A: I would say probably you can extend it, but we are also seeing it in smaller areas. So definitely I would say in the last quarter, more positive than we have seen in the prior quarters. Some of the big decisions and some of the big investments, yes, we probably have to see a little more time go by but there is movement in terms of proposals. This is the key transformation, this is the key step change, this is something we need to. So we will step in back and revisit those because they can see that this is now going to be a time to act.
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