Published By : 17 Jan 2018 | Published By : QYRESEARCH
TCS, under its previous CEO N Chandrasekaran, accomplished a progress rate between of 15% and 16% for quite a while. It maintained it run and achieved US$10 bn in revenues, which is far more than the players at the second position in the Indian IT industry. However, in the recent years, the firm slowed down significantly as consumers had been demanding for more advanced technologies that TCS and other companies are not equipped with.
Presently, Rajesh Gopinathan, the successor of Chandrasekaran, seems to take the firm back to its triumphant ways. Within a month, TCS has reported deal wins of around US$6 bn, including a US$690 mn contract with Europe-based M&G Prudential, which was declared on Tuesday, Jan 18, 2018. It is being considered as a stellar accomplishment among rivals and has left them in awe of the company’s profound customer base and vigorous execution system. TCS seems to have pulled a path ahead of its rivals, such as Infosys, Wipro, HCL, and Cognizant, in deal wins.
A week ago, the company bagged a US$2.5 bn contract from Transamerica, a U.S.-based insurance agency, to upgrade its digital competence, and streamline its service portfolio that include more than 10 mn policies into a single and modern platform. The firm renewed a US$2.25 bn contract with Nielsen, a TV rating and measurement organization. Apart from this, it reported a US$400-mn agreement with Marks and Spencer in an effort to modify it into a digital first business.