TCS Named a Leader in System Integrator Capabilities on Google Cloud Platform by Everest Group

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been recognized as a Leader in the Everest Group PEAK Matrix® for System Integrator Capabilities on Google Cloud Platform (GCP)1.

Cited as key strengths are TCS' library of assets, blueprints, and accelerators that help automate different stages of the cloud journey on GCP and other public clouds, as well as its toolkits that aid clients adopting Al/ ML models on GCP. The report goes on to say that with the help of its data estate modernization solution, TCS modernizes clients' data platforms to provide relevant business insights and has seen significant market success for this solution on GCP. According to the report, clients have appreciated TCS' willingness to share risks in complex modernization initiatives in GCP, its domain knowledge, and client management.

"TCS is helping enterprises across the world, leverage the Google Cloud Platform to enhance operational resilience and harness its native capabilities to create cloud-enabled ecosystemsfor business innovation that delivers new products, features and services faster to today's ubiquitous digitally savvy customer," said Nidhi Srivastava, Head, Google Business Unit, TCS. "This Leadership positioning is a recognition of our vision, strategy, capabilities and the resultant market impact."

TCS has a dedicated Google Business Unit to offer customers a full complement of services and solutions leveraging TCS' domain-focused innovation and Google Cloud's suite of technologies, helping them achieve superior business outcomes from cloud transformation initiatives.

TCS is a Premier Google Cloud partner and provides end-to-end services in the areas of cloud migration, application and data modernization, managed services, SAP on cloud, digital transformation and industryspecific propositions. TCS has developed a library of assets, blueprints and accelerators to automate delivery and management of different stages of the cloud lifecycle. TCS' suite of cloud accelerators is rendered on the Google Garage, a Digital Lab which allows sprinting for experimentation of new solutions for clients. The Garage offers an experiential and immersive experience to customers to experiment and build viable versions of a product using design thinking and Agile as the new ways of working.

TCS has invested and built industry solutions on the Google Cloud to drive innovation and digital transformation for all leading industries such as BFSI, life sciences and healthcare, retail and consumer packaged goods, communications and media, manufacturing, utilities and energy and resources.

"Despite being a late entrant, GCP has shown strong growth in the hyperscaler market through its innovation-driven approach. System integrators are playing a vital role in helping enterprises navigate and derive progressive business value from the full stack of GCP offerings," said Ashwin Venkatesan, Vice President, Everest Group. "As a result of TCS' investments in developing industry-specific solutions on GCP, the success of its data estate modernization solutions, and its investments in building a dedicated GCP business unit, TCS has earned a Leader position on Everest Group's System Integrator Capabilities on GCP Services Peak Matrix® Assessment 2021."

"Our deep contextual knowledge, full range of services from IT estate modernization to industry-centric innovation, willingness to participate in the risk of innovation, and our ability to scale seamlessly, are what make us the partner of choice for customers in their cloud transformation journeys," added Nidhi Srivastava.

Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.3199.1 as compared to the previous close of Rs. 3203. The total number of shares traded during the day was 101798 in over 6425 trades.

The stock hit an intraday high of Rs. 3235.15 and intraday low of 3164.6. The net turnover during the day was Rs. 327113114.

1 System Integrator Capabilities on Google Cloud Platform Services PEAK Matrix® 2021, Ashwin Venkatesan, Kumar Avijit, Mukesh Ranjan, Siddharth Rawat, Titus M, Everest Group, December 1, 2020

Source : Equity Bulls

Keywords