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TCS in News
TCS surges ahead of Infosys, thanks to new markets
(Mr. S Mahalingam, CFO, TCS is quoted)
Hindustan Times / 15 July 2012 Industry leader Tata Consultancy Services seems to have increased its lead over number two rival Infosys, which is struggling to stay ahead of the industry growth average after more than a decade as a bellwether. Analysts say this could be because has done better in emerging markets such as China. Besides heavy dependence on recession-hit US and Europe, the recent leadership transformation in an already shaky business environment and the companys inability to keep prices up for clients is at the heart of Infosys below-than-expected performance.
While TCS is poised to beat industry body Nasscoms estimate of 10-12% growth for the fullyear, Infosys revised its forecast downwards to 5%, much lower than the industry average. For the last seven quarters the gap between TCS and Infosys has been widening. One reason could be the difference in geographic spread of business, said Ajay Parmar, head, institutional equities, Emkay Global Financial Services. TCS has a better presence in emerging markets and that might have helped it weather the downturn more effectively, said Ankita Somany, IT analyst with Angel Broking. The US and Europe account for 80% of TCS revenue and 86% of Infosys. Advanced economies are reeling under slowdown while major corporations invest in China, Latin America and India. Hence IT services are growing faster in these, although advanced markets still account for bulk of business, said Somany. TCS, for instance, is already building its business in China. The opportunity for software companies in China is so huge, S Mahalingam, CFO, TCS had told Hindustan Times earlier. On a long-term basis, it could be even beyond $10 billion. We have identified 2-3 verticals with great potential in Chinam Mahalingam added.
these students would be held. The 10-module paper was the first in a series of papers that the university and the corporate plan to include as value-additions to the existing commerce curriculum at the UG level.
increase the productivity of its sales force by providing instant access to specific medical information and sales literature for their physician customers from iPad tablets. Significantly, the manufacturer and its strategic IT solution provider, Tata Consultancy Services (TCS), implemented this sales force mobility project using their rigorous and validated processes
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