TCS Rated #1 Engineering Services Provider of the Year by Everest Group

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) was rated number 1 in the 2022 Engineering Services Provider of the Year awards by Everest Group.

TCS emerged as the #1 player in Engineering Services based on its consistent top performance and leadership position across all five engineering services PEAK Matrix® Assessments by - Everest Group - Industry 4.0, Autonomous, Connected, Electric, and Shared (ACES) Automotive, Software Product, Semiconductor and 5G Engineering Services.

For Industry 4.0, TCS' established credentials in the market, deep domain knowledge and proactive investments in infrastructure were highlighted as strengths. The ACES Automotive Engineering services assessment highlighted TCS' strong thought leadership along next generation automotive themes, sustained relationship with clients and partnership-based approach. The Software Product Engineering assessment notes that its deep competencies in software engineering, focus on nurturing constructive relationships, and innovation labs, CoEs, and R&D hubs, are key differentiators.

Cited as strengths in the Semiconductor Engineering report were its comprehensive portfolio of offerings, proactive innovation in semiconductor engineering engagements, and proprietary assets. Additionally, the 5G engineering services report notes that TCS has extensive experience across the 5G engineering domains, comprehensive solutions, and strong focus on innovation that led to a gamut of IP.

"TCS uses its innovation capabilities, engineering services augmented with connected IoT capabilities, deep contextual and domain knowledge across industries, to help enterprises become purpose-driven, adaptable and resilient, and to enable their business transformation," said Regu Ayyaswamy, Global Head, Internet of Things & Digital Engineering, TCS. "We are pleased to receive this award from Everest Group for our superior performance across engineering services assessments."

TCS offers a comprehensive portfolio of product and software engineering services that cover the entire product lifecycle leveraging digital technologies like IoT, analytics, and robotics to help customers build intelligent, resilient, and purpose driven enterprise. TCS is continuously investing in innovation and developing solutions and capabilities across neural manufacturing, 5G, VLSI design and verification, wafer yield management, and services to design and develop autonomous and connected vehicles.

It combines traditional product and software engineering with digital solutions, enabling customers to transform their operations and focus on new product design, newer ways of service delivery and better customer experiences. These services and solutions are being adopted by customers across manufacturing, transportation, logistics, consumer products and goods, automotive, aerospace, energy, utilities, healthcare, life science, telecom and hi-tech industries.

Key proprietary solutions include:

- TCS I4T Framework: A comprehensive framework to assess value through the realization phases of an Industry 4.0 transformation journey. It helps identify automation and digital opportunities across the manufacturing and supply chain operations.

- TCS CNOPS™: A Cognitive Network Operations Platform powered by AI, analytics, and predictive automation. It provides zero-touch operations for 5G, 4G, O-RAN, and next-gen networks, as well as Edge network analytics for 5G use cases.

- TCS NeuSpeed: A hardware solution framework to improve the performance of AI applications at the Edge layer to meet real time high-speed requirements.

- CHAdeMO Protocol Tester Tool: A unique testing tool for protocol validation for electric vehicles. It is a lightweight tabletop, user friendly hardware module with an intuitive graphical user interface which helps customers generate automated compliance reports.

- TCS DigiFleet™: An IoT enabled SaaS that assimilates telematics and environmental data to provide real-time impactful business insights to customers about their fleet and freights and helps enhance visibility and operational efficiency of their logistics on the move.

TCS also works with leading independent software vendors to build, transform and maintain their products. TCS' software product engineering solutions include the TCS TreXaaS platform that enables decision-making to move to the Anything-as-a-Service model, TCS Digital Platform Engineering services to accelerate platform driven business and adopt AaaS, TCS Cloud-Native Industrialization platform for blueprinting, cloud-native development, quality assurance, deployment, and operations of SaaS products, and TCS INtelligent ASsurance Optimizer for testing complex products.

Akshat Vaid, Vice President, Engineering Services, said, "TCS has exhibited consistent leadership across multiple engineering domains and continues to be a strategic partner for enterprises due to its capabilities across product engineering lifecycle. TCS is well regarded by customers for proactively and collaboratively driving innovation in engineering engagements, leveraging a strong ecosystem of partners through its inhouse Co-Innovation Network (COIN) and investments across emerging themes such as AI, 5G, IoT and others in the form of labs, CoEs and proprietary assets. Additionally, TCS has stood apart from its competitors in its ability to scale, manage, and deploy talent, while maintaining quality and agility, something that many of its peers have struggled to deliver over the last year."

Shares of Tata Consultancy Services Limited was last trading in BSE at Rs. 3364.80 as compared to the previous close of Rs. 3375.55. The total number of shares traded during the day was 72520 in over 10074 trades.

The stock hit an intraday high of Rs. 3382.95 and intraday low of 3324.10. The net turnover during the day was Rs. 243503073.00.

Source : Equity Bulls

Keywords

TataConsultancyServices INE467B01029 TCS 2022EngineeringServicesProvideroftheYear EverestGroup