TCS Ranked as the #1 High-Tech Service Provider by HFS
TCS’ Business 4.0™ Framework and Product Engineering Depth Said to Help Tech Companies Harness Innovation and Accelerate Growth
LONDON | MUMBAI, February 27, 2019: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting, and business solutions organization, has been ranked #1 in the HFS Top 10 High-Tech Service Providers Report.
The report cites TCS’ Business 4.0™ thought leadership framework as a key strength and highlights how TCS leverages its co-innovation network (COIN™), product engineering depth, and innovation centers to show customers the art of the possible. According to the report, customers commend TCS’ use of its Machine-First™ Delivery Model (MFDM™) to embed intelligent automation in engagements.
“Technology companies are harnessing the power of digital to accelerate innovation, create new business models, and generate deep insights about customers to gain competitive advantage,” said Nagaraj Ijari, Global Head, HiTech Business Unit, TCS. “This recognition acknowledges our vision, continuous investments in next generation technology solutions, innovation capabilities, and strong relationships with our customers.”
ISVs and technology-providers operate in a constantly changing business environment where it is imperative to build new business capabilities, drive business agility, and drastically reduce time to market. TCS helps customers create a digital core, enabling a solid foundation to accelerate innovation, support new business models, deliver superior customer experience and improve the topline and bottom line, using the Business 4.0 framework. To accelerate this business transformation, TCS creates platforms that are intelligent, agile, automated, and on the cloud.
TCS harnesses the latest technology breakthroughs for each industry segment it serves. It has also invested heavily in research and innovation to have a 360-degree view of the innovation landscape and has been continuously incorporating these innovations in customer solutions. The company has a strong research base across customer domains at its innovation labs, where scientists with high credentials develop technology solutions for important customer problems. In addition, TCS' Technology Business Unit provides cutting-edge information technology and product engineering solutions to networking technology companies, semiconductor technology companies, and device technology companies across the globe.
According to Elena Christopher, Research Vice President, HFS Research, “Companies in the high-tech sector are enabling much of the digital innovation and change occurring across all industries with their products and services while simultaneously pivoting their businesses to ensure they remain relevant and competitive. In HFS' inaugural High-Tech Services Top 10 report, TCS rose to the top spot through its ability to help its technology clients pivot their businesses and drive new opportunities. TCS' strong focus on co-innovation, the depth and breadth of its internal IP and external ecosystem of partners, and high-levels of customer satisfaction – from some very tough customers – earned it the number one ranking.”
“We cater to the unique needs of our customers by leveraging MFDM, our contextual and domain knowledge, intellectual property, and the COIN ecosystem. Our commitment to our customers’ success has made us their trusted partner in their growth and transformation journeys,” added V Rajanna, Global Head, Technology Business Unit, TCS.
 HFS Top 10 High-Tech Service Providers 2019, HFS, Elena Christopher and Mayank Madhur, January 2019
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, Cognitive powered, integrated portfolio of IT, Business & Technology Services, and engineering. This is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development.
A part of the Tata group, India's largest multinational business group, TCS has over 417,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $19.09 billion for year ended March 31, 2018 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
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