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Tata Consultancy Services


About Tata Consultancy Services

Tata Consultancy Services is an IT services, business solutions and outsourcing organization that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS is the biggest software exporter in India.

TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services delivered through its unique Global Network Delivery Model, recognized as the benchmark of excellence in software development. A part of the Tata Group, India's largest industrial conglomerate, TCS has over 116,000 of the world's best trained IT consultants in 50 countries. The company generated consolidated revenues of US $5.7 billion for fiscal year ended 31 March 2008 and is listed on the National Stock Exchange and Bombay Stock Exchange in India.

Management

On September 4, 2009, the Board of Directors appointed S. Ramadorai as Vice Chairman and confirmed N Chandrasekaran as New CEO & MD.

Timeline

  • December 08: Announced completion of acquisition of Citigroup Inc.'s interest in Citigroup Global Services Limited (CGSL), the India-based captive business processing outsourcing (BPO) for all cash consideration of $512 million. Citi has signed an agreement for TCS to provide process outsourcing services to Citi and its affiliates for an aggregate amount of US$ 2.5 billion over a period of 9.5 years. The acquisition broadens TCS's portfolio of end-to-end IT and BPO services in the global Banking and Financial Services (BFS) sector.
  • June 15, 2009: Launch of Provider Performance Insight, a business intelligence (BI) solution built on SAP BusinessObjects software for hospitals and other healthcare providers. Using its proprietary BI framework, TCS has developed an out-of-the-box dashboard that will simplify projects, reduce costs and dramatically shorten time to value related to both hospital administration and patient care.

Financials

In January 15, 2009, TCS reported its consolidated financial results according to US GAAP for the quarter ended December 31, 2008. The company revenues are at $1,483 million, net income at $276 m (18.0%) Y-o-Y; (3.5%) Q-0-Q, EPS at $0.28 in Q3, 41 new clients added in Q3, 11,773 employees joined the company in Q3, Attrition rate declined to 11.9 LTM and a Quarterly dividend of Rs 3 per share - 18th consecutive Quarterly dividend

TCS reported 27% jump in net profit for its October-December third quarter of 2012-13. Jan 14, 2013

Awards and recognition

  • November 08: Gold Award for Marketing Excellence in the category of Sharpening Brand and Competitive Differentiation presented by ITSMA, the leading marketing association fortechnology, communications, and professional services providers
  • November 08: #6 in FinTech 100 as Leading Indian IT Provider
  • January 09: Signs a $100 million agreement to provide a full range of managed IT services to 4uGroup, the holding company behind Phones 4u and other organisations in the UK telecommunication and financial services marketplaces.
  • January 09: CIG Kozep-Europai Biztosito Zrt., branded as Pannonia Insurance in Hungary, a recently-incorporated Insurance company based in Budapest, Hungary, has gone live with TCS BaNCS Insurance.
  • TCS Financial Solutions named leader in global banking technology landscape evaluation as per The Forrester Wave: Global Banking Platforms, Q1 2009
  • June 2010: #5 Overall, and topped the list for IT services, in Bloomberg Businessweek's 12th annual "Tech 100," a ranking of the world's best performing tech companies.

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