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PRESS RELEASE
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MUMBAI, India, December 7, 2009: Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS), a leading global IT services, business solutions and outsourcing firm, today announced that it has been positioned by a leading industry analyst firm, Gartner, Inc. TCS has been positioned in the leaders quadrant in the recently published ‘Magic Quadrant for Oracle Outsourcing, North America’ report. (Gartner “Magic Quadrant for Oracle Outsourcing, North America,” by Ben Pring, November 2009)
Developed by Gartner analysts as an evaluation of the Oracle application outsourcing services in the North American market, the Magic Quadrant evaluates vendors on their completeness of vision and ability to execute.
Gartner analyzed 15 providers across North America, and according to the report, “Leaders provide offerings that meet demand, as well as demonstrate the vision necessary to sustain their position as requirements evolve in the Oracle outsourcing market. The hallmark of leaders is that they focus on and invest in their offerings to the point that they lead the market and can affect its overall direction. As a result, leaders can become the vendors to watch as you try to understand how new offerings might evolve. Leaders typically possess a satisfied customer base and enjoy high visibility within the market. Their size and financial strength enable them to remain viable in a challenging economy. Leaders typically respond to a wide market audience by supporting broad market requirements, including delivering across all aspects of Oracle outsourcing. However, they may fail to meet the specific needs of more-specialized segments.”
“We are pleased to be recognized as a leader for Oracle solutions by Gartner,” said Sridhar Bakshi, Global Head, Oracle Center of Excellence, Tata Consultancy Services. “In an evolving business landscape, we help customers leverage Oracle solutions not just to adapt, but predict change and respond proactively. In my opinion, our position in Gartner’s Magic Quadrant for Oracle Outsourcing in North America underscores our ability to enable our customers to ‘Experience Certainty’ and to help them succeed in a challenging economic environment.”
For over two decades, TCS has enabled enterprise businesses to adopt best in class solutions with Oracle Applications and Technologies, for efficient enterprise-wide resource planning, agile customer relationship management, collaborative content management, effective performance and financial management, optimized application integration, intelligent business analytics and consolidated master data management. Leveraging a blend of technology leadership and innovation excellence in Oracle Enterprise Solution offerings, TCS drives business efficiency, productivity, and quality to help customers achieve effective alignment of people, processes, data and technology. TCS offers its customers an end-to-end full service play from strategy formulation to development and deployment of Oracle applications (E-Business Suite, Siebel, PeopleSoft, JD Edwards, Hyperion, Oracle Industry Applications) and Oracle technology solutions (Business Intelligence, Middleware and Database).
About the Magic Quadrant
The Magic Quadrant is copyrighted 2009 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendor’s measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Tata Consultancy Services (TCS)
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, BPS, 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 285,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $11.6 billion for year ended March 31, 2013 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
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