TCS Recognized as a Leader in IDC MarketScape for Managed Cloud Services in Asia-Pacific (Excluding Japan)

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 for Asia-Pacific (Excluding Japan) Managed Cloud Services¹.

According to the report, "TCS' cloud services offerings are tightly integrated into its overall enterprise transformation framework (Business 4.0™) and the Machine First™ delivery model (MFDM™) it utilizes to realize the framework. This ensures that TCS can deliver true business transformation as part of its cloud services engagements."

The report said that "TCS has made substantial investments in its cloud ecosystem - in-house products, platforms and assets, skill and talent management (at scale) - and in its partner and co-innovation ecosystem. The capabilities enabled by this rich ecosystem allow TCS to serve a very wide breadth of customer requirements." It goes on to say that "Customers IDC interacted with commended TCS for the completeness of its cloud services offerings and experience at scale."

"Enterprises in Asia-Pacific are embracing the cloud and embarking on multi-horizon transformation journeys to become purpose-driven, borderless digital enterprises. Our deep industry knowledge, key investments in research and innovation, rich portfolio of intellectual property, strong partnerships with hyperscalers, extensive co-innovation network, make us the preferred partner to customers in their journeys," said Girish Ramachandran, President, TCS Asia-Pacific. "Being named a Leader in the IDC MarketScape is a reflection of our strategies, integrated capabilities, and the resultant market success we are seeing in Asia-Pacific and beyond."

With a 360-degree awareness of industry standards and processes, deep technology expertise, extensive partner and co-innovation network, and effective cloud strategies, TCS helps organizations build a cloudbased digital core that is flexible, resilient, and adaptable. It helps them define a future-ready vision, set their cloud strategies, and build their roadmap with a clear path to value for IT investments and growth.

TCS offers end-to-end services spanning the entire cloud lifecycle and including cloud advisory services, migration, modernization, and industry solutions. Its sustained investments in research and innovation have resulted in an industry leading portfolio of frameworks, accelerators, products, and platforms that can significantly speed up customers' cloud transformation journeys.

TCS partners with leading companies in Asia-Pacific and elsewhere in their multi-horizon cloud transformation journeys while managing their cloud infrastructure on their behalf. Its unique Machine First approach to managed cloud services is powered by TCS Cloud Exponence, which optimizes machine-human collaboration to deliver smart managed services in hybrid cloud environments.

Cloud Exponence reduces cloud management overheads, offers a consistent service delivery experience, and provides full-stack infrastructure services for applications, IoT, blockchain, APIs, and other new age workloads. The integrated services simplify complex operations, making way for cloud flexibility, enterprise agility, and enabling smarter and faster digital transformations. The solution comprises the following features:

• Seamless cloud services provisioning: A self-service automation catalog ensures frictionless provisioning of environments, IaaS, full stack application provisioning, and backup-restore functionalities.
• SecOps: Provides end-to-end security information and event management for continuous monitoring of cloud environments.
• FinOps: Consolidates billing and presents detailed cost reports based on cloud resources, business units, projects, applications, and environments. It drives cost optimization via right sizing, capacity, and configuration mapping. Cloud Exponence creates spend forecast reports and sends alerts based on consumption for predictive cost management.
• DevOps: Helps companies build, test, and deploy applications continuously on the cloud using DevOps-based managed services to compile code, run quality assurance, and produce deploymentready software through automation.

TCS has invested in setting up dedicated strategic cloud units that provide a full complement of end-to-end services around each of the major hyperscale clouds - Google, AWS, and Microsoft. In addition, it offers an OpenStack-powered private cloud infrastructure through its TCS Enterprise Cloud offering, so clients can customize a mix of public, private, or hybrid cloud solutions that best fit their business needs. TCS' change management advisory offerings facilitate full participation by all stakeholders in the cloud transformation journey, reducing project risks and delivering superior outcomes.

"TCS' ability to tightly integrate its cloud services offerings into its broader enterprise transformation framework (Business 4.0) and its MFDM framework for enterprise intelligence allows it to deliver business transformation at speed and scale as part of its cloud services engagements," said Pushkaraksh Shanbhag, Associate Director, Asia/Pacific Cloud and IT Services research, IDC.

Shares of Tata Consultancy Services Limited was last trading in BSE at Rs. 3477.30 as compared to the previous close of Rs. 3398.80. The total number of shares traded during the day was 89540 in over 16051 trades.

The stock hit an intraday high of Rs. 3489.00 and intraday low of 3412.65. The net turnover during the day was Rs. 308501593.00.

¹IDC, IDC MarketScape: Asia/Pacific (Excluding Japan) Managed Cloud Services 2021 Vendor Assessment, doc #AP47014921, August 2021

Source : Equity Bulls

Keywords

TataConsultancyServices INE467B01029 TCS IDCMarketScape ManagedCloudServices