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Out of
the top 10 Fortune 500 companies in America, six depend upon Tata Consultancy Services (TCS) for their information technology consulting needs! This fact alone speaks volumes for the strides that have been made by TCS in the global IT arena by pioneering the flexible global delivery model for IT services. In a research report released by Gartner on July 27, 2006, TCS has been ranked amongst the top 20 Technology Service Providers for 2005, and hence, became the only company headquartered in India to be featured.
“As an integrated full services player with global footprint and scale, TCS is presented with valuable growth opportunities in the market place. We have the right structure and leadership
team in place, globally, to take advantage of this tremendous opportunity,” bolsters S. Ramadorai, CEO & MD, TCS. The company operates in diverse industries like telecom, banking, fi nancial services, insurance, retail and transportation and has clients like AT&T, Boeing, Nike, GE, and Microsoft . In a scenario where around 90% of TCS’ business comes from repeat clients, multiyear and multimillion dollar deals have been the flavour of the season for the company. Whether it was a $847 million deal for 12 years with Pearl Group or a $250 million deal for five years with ABN Amro, TCS was the busiest of almost all Indian firms.
The financial year 2006 scripted a new chapter of success in the history of TCS, with a robust revenue growth of 36% (revenue crossed Rs.110 billion) and an increased earning per share of Rs.60.63. The strong prodigious results can mainly be attributed to the massive increase in the client base of the company (which stood at 748 at the end of Q4, out of which new clients are just 89). TCS’ success can also be accredited to the company’s strength of successfully providing consulting rather than plain IT solutions, to its high-end clients and standard service offering of system integration to the clients at the bottomend of the spectrum.
Other factors that make TCS stand apart from the competition are its strategic and technical alliances with companies like IBM, Mercury Interactive, Adobe Systems, Microsoft and Compaq amongst others, which have helped it to become a complete solutions provider that deals with consulting, IT infrastructure, asset based solutions and industrial services. Recently, the company became the first Indian IT company to cross a headcount of 60,000 employees. To add to this, TCS will be hiring a stupendous number of 30,000 employees in the current fiscal year. Does TCS rule our ranking? Like we mentioned, like a cyclops.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative
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Out of
the top 10 Fortune 500 companies in America, six depend upon Tata Consultancy Services (TCS) for their information technology consulting needs! This fact alone speaks volumes for the strides that have been made by TCS in the global IT arena by pioneering the flexible global delivery model for IT services. In a research report released by Gartner on July 27, 2006, TCS has been ranked amongst the top 20 Technology Service Providers for 2005, and hence, became the only company headquartered in India to be featured.“As an integrated full services player with global footprint and scale, TCS is presented with valuable growth opportunities in the market place. We have the right structure and leadership
team in place, globally, to take advantage of this tremendous opportunity,” bolsters S. Ramadorai, CEO & MD, TCS. The company operates in diverse industries like telecom, banking, fi nancial services, insurance, retail and transportation and has clients like AT&T, Boeing, Nike, GE, and Microsoft . In a scenario where around 90% of TCS’ business comes from repeat clients, multiyear and multimillion dollar deals have been the flavour of the season for the company. Whether it was a $847 million deal for 12 years with Pearl Group or a $250 million deal for five years with ABN Amro, TCS was the busiest of almost all Indian firms.The financial year 2006 scripted a new chapter of success in the history of TCS, with a robust revenue growth of 36% (revenue crossed Rs.110 billion) and an increased earning per share of Rs.60.63. The strong prodigious results can mainly be attributed to the massive increase in the client base of the company (which stood at 748 at the end of Q4, out of which new clients are just 89). TCS’ success can also be accredited to the company’s strength of successfully providing consulting rather than plain IT solutions, to its high-end clients and standard service offering of system integration to the clients at the bottomend of the spectrum.
Other factors that make TCS stand apart from the competition are its strategic and technical alliances with companies like IBM, Mercury Interactive, Adobe Systems, Microsoft and Compaq amongst others, which have helped it to become a complete solutions provider that deals with consulting, IT infrastructure, asset based solutions and industrial services. Recently, the company became the first Indian IT company to cross a headcount of 60,000 employees. To add to this, TCS will be hiring a stupendous number of 30,000 employees in the current fiscal year. Does TCS rule our ranking? Like we mentioned, like a cyclops.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative
For More IIPM Article, Visit Below....
IIPM Academics > Faculty
IIPM Alliances
IIPM Academics : Curriculum
IIPM Best B-School of India
Governments and policy makers have to act ...
Story About IIPM-The Indian Institute…
ABOUT IIPM
IIPM Rankings
Ms. ‘Write’ Woman
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