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TCS Named a Leader in IDC MarketScape for Americas Business Consulting Services

Posted On: 2020-09-09 18:57:23 (Time Zone: IST)

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been positioned as a Leader in the IDC MarketScape: Worldwide Analysis of Americas Business Consulting Services1.

According to the report, among clients in the Americas, TCS is viewed as one of the strongest firms at maximizing the value of its projects to all stakeholders. It goes on to say that on client engagements, TCS is considered to be able to help clientsimprove operational efficiency and internal operations. The report also highlights the company's domain expertise in a broad set of industries, comprising banking and financial services; insurance; retail; consumer goods and distribution; communication, media and technology; manufacturing; life sciences and healthcare; energy, resources and utilities; travel, transportation and hospitality; and hi-tech.

"The pandemic has drastically changed consumption patterns, and injected greater urgency into the digital transformation imperative. We are helping customers use this opportunity to transform themselves into more agile, purpose-driven enterprises, deepen customer intimacy and gain market share," said Dave Jordan, Global Head, Consulting & Services Integration, TCS. "We believe that this leadership position is a recognition of our strategy, capabilities and demonstrated ability to develop consulting-led solutions for our clients on issues of board relevance, and deliver outstanding business value."

TCS partners with leading global enterprises, helping them make strategic business and investment decisionsfor superioroutcomes and to enable theirgrowth and transformation. Its Consulting and Services Integration practice has differentiated itself in the market by going beyond traditional advisory services, and offering end-to-end, transformative solutions to C-Suite buyers to solve their most strategic business challenges and achieve break through results.

This outcome-focused approach has made TCS the trusted advisor for customers in their transformational journeys. It has helped organizations reduce risks, realize synergies and maximize value with its proven offerings around mergers and acquisitions. Likewise, it has helped CEOs adopt an enterprise agile approach to building nimbler, more innovative organizations, transform the front-office to reimagine the customer journey, or pursue new purpose-driven strategies that require integration with larger ecosystems to launch new innovative products and gain competitive advantage.

To help enterprises cope with the impact of the pandemic and prepare to lead in the post-pandemic world, TCS has been advising enterprises in rejigging their supply chain strategies for greater visibility and certainty. It has partnered with COOs to design leaner operating models by transforming their business processes and the supporting technology stacks using the Machine First™ approach, improving operational resilience, reducing turnaround times and enhancing the customer experience.

"In the Americas, TCS is viewed as one of the strongest business consulting firms in terms of maximizing the value of its projects to all stakeholders in the client organization. Integration with the client team is a key factor in making consulting projects successful," said Bjoern Stengel, Senior Research Analyst, Business Consulting Services, IDC. "This evaluation discovered that on client engagements, TCS also stands out regarding its ability to help clients improve internal operations, particularly increasing operational efficiency. All of these are essential capabilities to many significant business transformation initiatives."

"We combineour deep domain and contextual knowledge, investments in research and innovation as well as a suite of integrated business and technology services to not only advise customers but also help them execute their growth and transformation strategies," said Krishnan Ramanujam, Business Group Head, Business & Technology Services, TCS.

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.2323.75 as compared to the previous close of Rs. 2348.95. The total number of shares traded during the day was 101324 in over 8324 trades.

The stock hit an intraday high of Rs. 2359.15 and intraday low of 2320. The net turnover during the day was Rs. 236695182.

1 IDC, IDC MarketScape: Worldwide Analysis of Americas Business Consulting Services 2020 Vendor Assessment, doc #US45629720, May 2020

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