TCS emerges a 2010 Star Performer in the FAO market
According to the recently released Everest Research FAO Annual Report, TCS has emerged as 2010 FAO Market Star Performer. The study subjects finance & accounting outsourcing (FAO) service providers to the PEAK Matrix, a framework that provides an objective, data-driven and comparative assessment of FAO service providers on the basis of their absolute market success and capability.
TCS has had a strong FY 2010-11, winning five new multi-process FAO contracts along with significant organic growth helping it achieve the strongest performance amongst major contenders. The study attributes TCS’ success to continued investments in building scale, global delivery footprint and technology and predicts a positive outlook for FY 2011-12, with expectation of superior market traction.
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