TCS named a Major Player in IDC MarketScape: Worldwide Oil and Gas Professional Services 2014 Vendor Assessment

TCS has been named a Major Player in its report ‘IDC MarketScape: Worldwide Oil and Gas Professional Services 2014 Vendor Assessment’.

Excerpts from the report:

“TCS has the pedigree of the Tata group with major industrial businesses — in Engineering Products and Services, Materials, Energy, Chemicals, and Defense and Aerospace. TCS is a preferred or strategic partner for several divisions at oil and gas companies. Since the IDC MarketScape on professional service firms in 2012, TCS has made substantial progress on its journey to become embedded in the industry. TCS is rated as a Major Player in this IDC MarketScape.

TCS' oil and gas business has above-average profitability. What is interesting about this is that the company has also been able to reduce costs to customers through streamlining IT processes and developing a delivery model that drives collaboration across highly experienced industry leaders and industrialized service delivery. For example, when it took over application management at a major oil and gas company (a fourth-generation outsourcer), TCS helped to take out nearly 20% of the already optimized cost base, beyond labor arbitrage benefits. Of course, labor arbitrage helps, although TCS is quick to point out that the company is keen on keeping close to the business.”

To view the full report, click here