Stock Report

TCS Recognized as a Leader in IDC MarketScape for Worldwide Cloud Professional Services

Posted On : 2022-06-16 16:26:28( TIMEZONE : IST )

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been named a Leader in the IDC MarketScape for Worldwide Cloud Professional Services.

The report highlights that "TCS helps enterprises envision, design, build, and sustain a cloud-led business ecosystem spanning through the entire spectrum of cloud transformation services - adoption strategy and advisory, migration coupled with modernization, and business ecosystem integration. " It goes on to say that "TCS offers a purpose-driven, consulting-led portfolio of business and technology services on cloud, powered by its rich business contextual knowledge and a proven suite of cloud-first solutions, tools, and accelerators that drive speed to value."

"With cloud as the unifying digital fabric, TCS helps customers take advantage of break-through technologies, establish innovation ecosystems, and drive their vision of integrated transformation," said Krishnan Ramanujam, Business Group Head, Enterprise Growth Group, TCS. "We believe our positioning as a Leader is a testament to our deep contextual knowledge and strategic value engines that harness the full power of cloud with certainty to make enterprises future ready."

TCS offers end-to-end services spanning the entire cloud journey and including cloud advisory services, application and data estate modernization and migration, cloud-based industry solutions, and managed services. Its sustained investments in research and innovation have resulted in an industry leading portfolio of frameworks, accelerators, products, and platforms that can significantly speed up customers' cloud transformation journeys.

TCS' application transformation services consist of:

- Consulting services: Cloud and digital maturity assessments to identify gaps and derive an actionable modernization roadmap, strategy and visioning workshops to establish the target operating model, evaluation for microservices and design thinking for UX.

- Application portfolio transformation: Helps decide whether to retain, retire, replace, or rebuild legacy applications and subsequently whether to rehost, refactor, or re-platform while migrating to the cloud. New applications are built harnessing digital technologies and business processes are analyzed to identify harmonization opportunities, which are then crafted as a bouquet of microservices, APIs and a modern UX.

TCS helps enterprises design, execute, and sustain a cloud-led business ecosystem strategy, with services and enablers such as a comprehensive Cloud Governance framework that includes key governance elements such as design authority (architecture), security, innovation, demand intake/fulfilment, change adoption and above all value management.

TCS harnesses its deep domain knowledge, investments in intellectual property (IP) and cloud expertise to provide verticalized offerings across industries such as banking, financial services and insurance, retail, distribution and CPG, telecom, media and entertainment, manufacturing, life sciences and healthcare, energy and utilities, travel and hospitality, technology and services, and public sector. With its best-in-class IP and foundational services propelled by a clear vision for industry cloud offerings TCS delivers superior business outcomes to customers.

TCS' cloud-based intellectual property includes the TCS Advanced Drug Development Platform, ERP on Cloud, Hosted OSS/BSS (HOBS) for CSPs, the TCS iON assessment platform, TAP™ for procure to pay, CHROMA™ for talent management, Intelligent Urban Exchange, and TCS BaNCS Cloud for banking and financial institutions.

TCS designs private, hybrid, and managed cloud platforms to enable dynamic and agile enterprises. The TCS ecosystem of partnerships and alliances with all major public cloud providers ensures enterprises achieve their specific digital transformation goals. In addition, for customers with special requirements, TCS' Enterprise Cloud Platform offers a broad range of flexible private cloud infrastructure options, including PaaS.

Gard Little, Vice President, Global Services Markets and Trends research team, IDC, said, "TCS' end-to-end cloud strategy, services and solutions, investments in innovation as well as IP, customer-centricity, and global reach, positioned it in the Leaders category in the 2022 IDC MarketScape for worldwide cloud professional services. Customers speak highly of its innovation potential, technology expertise, partnership-focus and overall agility."

"Our extensive portfolio of cloud professional services backed by proprietary solutions, products, platforms and cloud partnerships coupled with our consulting and digital transformation capabilities, all provide the foundation for enterprises to rapidly scale, seize emerging opportunities, and future-proof their business," added Krishnan Ramanujam.

Shares of Tata Consultancy Services Limited was last trading in BSE at Rs. 3206.80 as compared to the previous close of Rs. 3211.25. The total number of shares traded during the day was 87160 in over 9718 trades.

The stock hit an intraday high of Rs. 3234.00 and intraday low of 3201.10. The net turnover during the day was Rs. 280568448.00.