TCS ranking improved
In an exchange filing, TCS attributed the growth to the company’s investment in its brand and its employees, customer equity and strong financial performance.
After a tremendous increase in its revenue in 2021, the company crossed an important milestone. For the first time, the company’s revenue exceeded US$ 25 billion. In this, the company’s operating profit margin was more than 25 percent. TCS is continuously improving the ranking of IT Services.
Wipro Limited, India’s third largest IT company, is headquartered in Bangalore. It was founded in 1966 by Azim Premji, the son of a businessman. Today its income is about 600 billion rupees per year and profit is about 70 billion rupees. It is a service companpy in the field of information technology.
Tech Mahindra Limited (Tech Mahindra) is an IT consulting and software company. The total valuation (market value) of the company is ₹98,923 crore. One share of the company is priced at ₹1,016.00 in BSE market today and ₹1,017.35 in NSE market today. The company was established in the year 1986.
Capgemini is a French company that was established in 1967. It pre-dates most IT companies by decades and is one of the oldest IT companies in the world. Capgemini deals in IT consulting, outsourcing and other professional services.
HCL Technologies is an Indian multinational information technology (IT) services and consulting company headquartered in the city of Noida in the state of Uttar Pradesh (UP), India. It is a subsidiary of HCL Enterprise. Basically a research and development division of HCL.
According to a report, in the year 2022, Accenture Company has achieved a total revenue of $ 61.6 billion. It is one of the few companies in the world in which maximum number of people work and it also hires people on good salary. The company operates in the field of IT Services and Consulting.
Tata Consultancy Services has become the second most valuable brand in the world. In this report of Brand Finance, 5 more companies of India have made their place.
The country’s top IT company Tata Consultancy Services (TCS) has become the second most valuable brand in the world. According to the report of Brand Finance, 5 other tech companies of India have made it to the top 25 IT service brandsAccording to the Brand Finance IT Services 25 2022 report, Infosys is at number three in this list after TCS. After this, Wipro is at seventh, HCL at eighth, Tech Mahindra at 15th and LTI at number 22.
All six Indian brands figure among the top 10 fastest growing IT service brands during 2020-2022, said the brand valuation firm.
According to the report, Accenture remains the world’s most valuable and strongest IT services brand. The company’s record brand value is US $ 36.2 billion.
The Indian IT service brand saw a 51 percent growth from 2020 to 2022, while the US IT service brand registered a seven percent decline.
Remote working increased demand
Remote working for professionals during the Corona pandemic and an accelerated digitization trend in the global economy has fueled the expansion of IT services within India.
It was told in the report that IBM has come at the fourth place in this list. After registering a year-on-year growth of 12 percent, TCS has reached the second position in this list. Its brand value is US $ 16.8 billion.