At TCS, we don’t just help businesses transform. We help them become perpetually adaptive enterprises, built to evolve continuously and confidently in a world of constant change.
Our expert, committed team put our shared values into action – every day. With the best talent and the latest technology we help customers turn complexity into opportunities and create meaningful change.
We are a digital transformation and technology partner of choice for industry-leading organizations worldwide.
At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.
PRESS RELEASE
You have these already downloaded
We have sent you a copy of the report to your email again.
Report Cites TCS’ Growth in Banking AO Revenue, Breadth of Clients and Solutions as Key Leadership Characteristics
Mumbai, September 18, 2012: Tata Consultancy Services (BSE: 532540, NSE: TCS), the leading IT services, consulting and business solutions organization, announced today that it has been designated a Leader in IT Application Outsourcing (AO) forbanking by the Everest Group, an advisory and research firm on global services, in the Everest Group banking AO PEAK Matrix, published in the August 2012. TCS was also the only company in the Leader category to also be recognized as a “2012 Banking AO Market Star Performer.” This distinction is awarded to those providers with the strongest forward movement over time – both in terms of market success and capability advancements.
Among the attributes that garnered TCS this honor are its strong focus on the banking vertical, its large and growing base of over 100 active banking AO clients, its more than 50 other products / solutions for the banking industry to support all banking line of businesses (LoBs) across all AO functions and its proprietary banking solutions, which include the BaNCS platform.
The report is part of the Everest Group’s nine-part series of reports focused on AO in the banking, financial services and insurance (BFSI) industry in 2012. In this research, Everest Group analyzed the capabilities of twenty-five leading AO service providers, specific to the global banking sector. The providers were mapped on the Everest Group PEAK (Performance, Experience, Ability, Knowledge) Matrix, which is a composite index of a range of distinct metrics related to a provider’s capability and market success.
“As buyers look to navigate business challenges by leveraging technology and outsourcing, leading service providers need to support their key business priorities and adopt a more result-oriented approach,” said Jimit Arora, Vice President, Everest Group. “TCS continued to build on its leadership strengths – with one of the most scaled banking AO operations and deep domain experience. Despite its large size, TCS registered a strong growth of approximately 30% in banking AO revenue and ACV.”
“TCS is committed to providing its banking customers with the tools they need for optimized investments, enhanced operational efficiencies, minimized risk and sustained cost leadership,” said K Krithivasan, President, Banking and Financial Services, TCS. “To be recognized by the Everest Group for our commitment to offering superior service and products to our customers is a great honor. We are constantly striving to be the best partner that we can be for our customers.”
To view an excerpt from the report, please click here.
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 243,000 of the world’s best-trained consultants in 42 countries. The company generated consolidated revenues of US $10.17 billion for year ended March 31, 2012 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
corporate.communications@tcs.com
saxena.kritika@tcs.com
+91 22 6778 9999
y.tham@tcs.com
+65 6372 4822
tiffany.fisher@tcs.com
+1 416 456 7650
alma.leal@tcs.com
+521 55 2095 6098
francesca.newby@tcs.com
+61 414 902 440
roland.bagen@tcs.com
+46 70 3178024
douglas.foote@tcs.com
+81 80 2115 0989
pragya.priyadarshini@tcs.com
+971 528656700
priyanka.mehta@tcs.com
+44 7921493382
andrew.corcione@tcs.com
+1 646 617 8221
Intelligent Swadeshi 4G Network Launched by BSNL Connects 26,700 More Villages
TCS to Power Retailers with NVIDIA Accelerated Computing
Vodafone Idea, TCS Deepen Collaboration with AI-Powered Customer Experience Platform
TCS Recognised in Everest Group’s 2025 Elevate Honors for Market-Leading Growth