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TCS Recognized as a Leader in Software Product Engineering Services by Everest Group

Posted On: 2018-03-22 01:32:46

Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions organization, has been recognized as a Leader in Everest Group's Software Product Engineering Services - Market Trends and Service PEAK Matrix™ Assessment 2017.

The report recognized TCS for its strong Software Product Engineering (SPE) domain expertise and ability to cross leverage best practices across industries, which is greatly valued by clients. It also highlights TCS' investments as credible and structured in developing IP assets across SPE, data processing, networking, and cyber security.

"In a Business 4.0 world, our technology customers are innovating to rapidly deliver new differentiated products that leverage the full power of emerging technologies, and in turn, shape the nature of technology progression. We have been investing in next-gen technologies such as 5G, NFV, SDN, machine learning, cognitive computing, hyper-converged systems, and augmented reality. These customer centric investments and our commitment to excellence have made us the preferred partner for leading technology providers globally," said V Rajanna, Vice President & Global Head, Technology Business Unit, TCS.

TCS offers SPE services across the idea to offering value chain, including product ideation and design, product development, product testing and certification, product deployment, and product sustenance. These are delivered using our industry leading methodology developed by location-independent agile framework, and are enhanced by our SPE ecosystem approach consisting of TCS' research and innovation labs, SPE Center of Excellence (CoE), solution labs with customers and partners, and our Co-innovation Network (COIN™) with academia and start-ups. Our SPE services are supported by TCS Mastercraft™ suite of products and TCS Assurance 360 Degree (AI based solution) enabling faster software product releases in an agile mode.

"As a result of rapid digitalization, software products need to be engineered at speed but also with new features and functionality built in," said Chirajeet Sengupta, Partner, Everest Group. "We have assessed TCS as a Leader in our PEAK Matrix™ for Software Product Engineering on account of its vision and ongoing investments in homegrown IP as well as in a broader partner ecosystem."

"Our investments in building up talent in the areas of digital, agile, design thinking, and product engineering have led to a strong capability in SPE services. Our ability to leverage our domain expertise, contextual knowledge and strengths in next-gen technologies, positions TCS to partner with our customers in their software product development, digital platform engineering and next-gen themes," said Nagaraj Ijari, Vice President & Global Head, HiTech Business Unit, TCS. "Our leadership position in this report is a validation of our standing as a trusted partner to our customers and the resultant market success we've had in the area of SPE services."

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.2854.6 as compared to the previous close of Rs. 2859.15. The total number of shares traded during the day was 99762 in over 3253 trades.

The stock hit an intraday high of Rs. 2882 and intraday low of 2845. The net turnover during the day was Rs. 285061909.


Source: Equity Bulls

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