TCS TO HIT THE 10TH POSITION IN GLOBAL IT COMPANIES - SAYS HfS REPORT

TCS TO HIT THE 10TH POSITION IN GLOBAL IT COMPANIES - SAYS HSF REPORT

This is a landmark for IT sector in India.Country's largest IT services provider, Tata Consultancy Services (TCS), has been included into the league of top 10 global IT services companies, moving from the 13th position in 2012 to the 10th spot in 2013.

TCS is estimated to have IT services revenues of $10.1 billion (out of its total revenues of about $12.5 billion). 

IBM ($54.4 billion), Fujitsu ($32.1 billion), Hewlett-Packard ($29.2 billion) and Accenture ($25.4 billion) lead the list.

The research compares IT services, and excludes other areas such as BPO, R&D services and software/hardware products. And it uses figures for the four quarters of calendar year 2013. TCS rose to the 10th spot displacing Montreal-based IT services firm CGI.

India-based companies Cognizant, Infosys, Wipro and HCL are at the 15th, 18th, 20th and 25th positions, respectively, all of them rising by one to three spots compared to 2012.

On TCS, HfS says its aggressive targeting of renewals and new business, particularly in continental Europe, was an important factor in driving its assault on the leaders. TCS, it said, is frequently seen as being the most flexible service provider on pricing and terms, and has a developing reputation for winning any deal anywhere in the world at any price, if it really wants.

TCS also has an extraordinary profit margin, something that's normally difficult to achieve in conjunction with high revenue growth.

Great achievement for TCS . What do you want to say about this success of TCS...???Congratulate with India Forbes.