TCS sees North America factories spending on tech

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BENGALURU/MUMBAI — India’s Tata Consultancy Services (TCS) expects its retail and manufacturing clients in North America to step up spending on tech, following a similar upturn in its banking and financial services segment, a top executive of the nation’s No. 1 software-services exporter, said.

“We have heard about good holiday season sales [in the US] that should boost consumer sentiment, and manufacturing has some of the labor issues behind them,” TCS Chief Financial Officer Samir Seksaria told Reuters.

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