TCS Positioned in ‘Winner’s Circle’ by HfS Research Engineering Services Blueprint Report
NEW YORK | MUMBAI, September 3, 2015: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting and business solutions organization, today announced it has been named to the ‘Winner’s Circle’ by analyst firm HfS Research in its 'Engineering Services Outsourcing 2015 Blueprint Report.'
The HfS Engineering Services Blueprint report rated 14 engineering services players with strong capabilities across two categories. Organizations that demonstrate excellence in both execution (providers that have strong relationships with clients, and are highly flexible when meeting client’s needs) and innovation (providers that have strong vision to invest in future capabilities to increase value for their clients) were positioned in the ‘Winner’s Circle.’
TCS was recognized as a leader by HfS for having strong service offerings, scale, and customer case studies across all major verticals. TCS was rated among the top six engineering service providers for verticals including Automotive, Hi-tech and Telecom, Life Sciences, Energy and Utilities, and Industrial Equipment and Machines.
“TCS is placed in the ‘Winner's Circle’ of our inaugural Blueprint on Engineering Services Outsourcing because of their strong execution and innovation capabilities in product engineering services,” said Pareekh Jain, Research Director, HfS Research and author of this report. “We have rated TCS highest in execution capabilities among all leading engineering services providers evaluated in our study due to their strong service offerings, scale and customer case studies across all major verticals. We also found TCS very strong in value engineering and engineering services consulting offerings.”
“We are delighted to be recognized by HfS Research in the Winner’s circle and also amongst the highest in Execution capabilities in Engineering Services across verticals,” said Regu Ayyaswamy, Vice President and Global Head, Engineering & Industrial Services, TCS. “TCS’ Engineering Services address comprehensively 'Concept to Prototype' and 'Prototype to Production' in the product life cycle. This leadership position by HfS is further endorsement to our ability to deliver next generation engineering solutions that address customer challenges effectively.”
TCS’ Engineering and Industrial Services unit offers industry-specific solutions across the product lifecycle for customers to effectively reduce time to market, optimize cost and improve quality, by adopting industry best practices and best in class technologies quickly. Through our innovation labs and partnerships, TCS invests continuously in future technologies that support, Internet of Things, 3-D printing, smart grids, smart homes, autonomous cars and remote diagnostics.
About Tata Consultancy Services Ltd (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 371,000 of the world’s best-trained consultants in 45 countries. The company generated consolidated revenues of US $16.5 billion for year ended March 31, 2016 and is listed on the BSE Limited and National Stock Exchange of India Limited. For more information, visit us at www.tcs.com.
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