Digital, platforms drive growth at TCS in Q2

MUMBAI, INDIA: Tata Consultancy Services (TCS) which grew reported revenue of Rs 27,165 crore; up 5.8 percent Q-o-Q and 14.1 percent Y-o-Y, attributed its growth to increased volumes, digital and platforms.

The company added three new customers to its $100 million and six to $10 million kitties, respectively. Growth was broad-based in Q2 with all industries growing on a sequential basis led by BFS, retail, life sciences and travel & hospitality.

Core markets like UK, North America and Europe grew smartly along with emerging markets like Latin America, India and MEA. There was balanced growth across service lines led by asset leveraged solutions, said N Chandrasekaran, CEO & MD, TCS.

He added, “We remain focused on partnering with clients in multiple business dimensions to help them strategize and execute their digital road-maps. Given the growing market adoption of digital, we continue to take new IP-led products and platforms to market successfully as well as invest in training our talent. Over 30,000 TCSers  have  already  successfully  trained  in  new  technologies  this  year  using  our  experiential  Digital  Learning Platform.”