Tata Consultancy Services Received a Strong Rating in Technology/ Methodology and Support/ Account Management, and Positive Ratings in Strategy, Product/ Service, Pricing Structure and Corporate Viability
NEW YORK | MUMBAI, August 06, 2021: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been recognized with an Overall Positive Rating in the recent Vendor Rating report by Gartner Inc1, based on a holistic evaluation covering the company’s Strategy, Product/ Service, Pricing Structure, Technology/ Methodology, Support/ Account Management and Corporate Viability.
“We are pleased to receive this Overall Positive Vendor Rating. We believe, it is a reflection of staying relevant to our customers, our ability to execute programs successfully and holistically embracing the SBWS™ framework with our comprehensive portfolio of products, services and methodologies. We are committed to investing ahead of time anticipating client needs and continue to develop our internal talent pool,” said NG Subramaniam, Chief Operating Officer and Executive Director, TCS.
The evaluation gave TCS a Strong rating for its Technology/ Methodology and Support/ Account Management. Additionally, TCS received a Positive rating for its Strategy, Product/ Service, Pricing Structure, and Corporate Viability.
TCS partners with some of the world’s largest corporations in their innovation, growth and transformation initiatives. In the past year, it has expanded and deepened relationships, deploying very impactful solutions, and winning some of its largest deals till date. In the post-pandemic world, TCS is helping customers look beyond the products and services they sell, to the purpose behind their existence, defining the blueprint for their transformation journey and layering this approach with resilience and adaptability.
The company has been steadily launching new services to cater to different stakeholders within the enterprise, as well as new products and platforms. It has been systematically investing in research and innovation, taking up promising themes in each industry, and collaborating with domain experts to build innovative solutions that are proactively showcased to customers. Customers can leverage TCS’ global network of Pace Port™ co-innovation and advanced research centers, as well as its extended innovation ecosystem consisting of 2,400 start-ups and 67 academic partners, to accelerate their innovation and successfully navigate their growth and transformation journeys.
TCS has been investing in organic talent development initiatives at scale to help its employees negotiate technology change. Till date, over 407,000 employees have been trained in digital technologies and over 19,000 Contextual Masters have been identified. Its organic talent development initiatives have led to superior learning outcomes, and along with progressive HR policies, resulted in best-in-class talent retention.
Additionally, TCS has alliance partnerships with all the major technology providers, and works closely with them to launch and jointly market industry-specific solutions that leverage their technologies, and TCS’ domain knowledge.
Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
About Tata Consultancy Services (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 over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. 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 500,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22.2 billion in the fiscal year ended March 31, 2021, 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 MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com and follow TCS news at @TCS_News.
1 Gartner, Vendor Rating: Tata Consultancy Services, Neil Barton, June 14, 2021
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