Fourth quarter of Technology major TCS posted rise of 3% in profits, revenues rise by 5% to over Rs 10,150 crore. All the results are in line with expectations except operating margins which was marginally lower.

TCS management team includes S Mahalingam (CFO and ED), N Chandrasekaran (CEO and MD), Ajoy Mukherjee (Head-Global HR) and Phiroz Vandrewala (EVP) and all of them during an exclusive interview with CNBC-TV18 said about company’s plans for the next year.

Last fiscal year, TCS watched a good recovery driven by volume growth at 29.6% and this time also management is expecting an upright growth in FY12 with demand continues to be good. Moreover, management is more concerned for improving margins from current levels. The management said that TCS will try to maintain the margin levels of FY11.

TCS has a list of top clients and on the back these clients increasing budgets, company is expecting an improvement in pricing in FY12. It is also planning to slow down its wear and tear levels in FY12.

TCS shares are up 7.4 percent since the start of March.