NEW YORK and MUMBAI, India, July 10, 2019 /PRNewswire/ -- Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been recognized with an Overall Positive Rating in the recent Vendor Rating1 report by Gartner Inc, based on a holistic evaluation covering the company's Strategy, Product/ Service, Pricing Structure, Technology/ Methodology, Support/ Account Management and Corporate Viability.
"Our market success is a result of our ability to anticipate our customers' business needs, use our contextual knowledge to design bespoke, differentiated solutions for them, and stitching together the different capabilities across TCS," said NG Subramaniam (`NGS'), Chief Operating Officer and Executive Director, TCS. "We believe the result of this Vendor Rating is a validation of our customer centric strategy, and the investments we have been making in research and innovation, intellectual property, workplace and workforce transformation."
The evaluation gave TCS a Strong rating for its Support/ Account Management and for Corporate Viability. Additionally, TCS received a Positive rating for its Strategy, Product/ Service, Technology/ Methodology and Pricing Structure.
TCS reported a revenue of $20.93 billion in FY 2019, growing 11.4% in organic, constant currency terms. Growth has been particularly strong in the United Kingdom and in Europe, where it grew 22% and 17.8% respectively. The company has benefited significantly from expanding enterprise spends on technology-led product or service innovation, customer analytics and insights, and core transformation initiatives.
The company has been steadily launching new services to cater to different stakeholders within the enterprise, as well as new products and platforms. It has been systematically investing in research and innovation, taking up promising themes in each industry, and collaborating with domain experts to build innovative solutions that are proactively showcased to customers. Additionally, TCS has alliance partnerships with all the major technology providers, and works closely with them to launch and jointly market industry-specific solutions that leverage their technologies, and TCS' domain knowledge. All this and its Business 4.0™ thought-leadership framework, backed by innovative delivery concepts like the Location Independent Agile model and the Machine First™ Delivery Model have helped the company win several large, multi-year transformation engagements, resulting in a strong order book.
"Our customer-centric worldview keeps us rooted and guides us in everything we do. Our growth comes from continually looking for newer ways to create value for our customers, help them transform and succeed in a Business 4.0 world. We have also been consistently launching newer services, products and platforms, catering to the needs of a broadening set of stakeholders within the enterprise, and expanding our addressable market," added NGS.
Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development.
A part of the Tata group, India's largest multinational business group, TCS has over 436,000 of the world's best-trained consultants in 46 countries. The company generated consolidated revenues of US $20.9 billion in the fiscal year ended March 31, 2019, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
TCS media contacts:
Phone: +65 9138 4370
Australia and New Zealand
Phone: +61 422 989 682
Phone: +31 615 903387
Phone: + 49 172 6615789
Phone : +46723989188
Phone: +91 22 6778 9960
Phone: +81 80-2115-0989
Phone: +569 6170 9013
Phone: +46 70 317 80 24
Phone: +44 20 3155 2421
USA / Canada
Phone: +1 646 313 4594
1 Gartner 'Vendor Rating: Tata Consultancy Services' by Neil Barton, Sandra Notardonato, Cathy Tornbohm, DD Mishra, Patrick Sullivan, Susan Tan, Twiggy Lo, Susanne Matson, Chrissy Healey, James McGovern; June 17, 2019
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SOURCE Tata Consultancy Services