TCS ranked second as IT Service Provider of the Year by Everest Group

Tata Consultancy Services was recognized for its consistent top performance across all the IT Services PEAK Matrix Assessments in 2020.

Mar 24, 2021 11:03 IST India Infoline News Service

Tata Consultancy Services (TCS) has been ranked among the Top Two in the PEAK Matrix IT Service Provider of the Year: ITS Top 20 by Everest Group. Additionally, TCS was named the Leader of the Year in Application Services and Life Sciences, as well as the Star Performer of the Year in Healthcare.

The company said in a regulatory filing on Tuesday that awards recognize consistent top performers across the IT services PEAK Matrix assessments published in 2020. Of the 26 evaluations in the area, TCS was positioned as a Leader in 18 reports and a Star Performer in 4. Among industries, TCS was named a Leader in all three banking and financial services assessments – Open Banking IT Services, Risk and Compliance IT Services, and Application and Digital Services in Capital Markets, as well as in both the life sciences assessments – Life Sciences Digital Services and Medical Devices Digital Services.

“In 2020, we reinvented our operating model, launched Secured Borderless Workspaces and ensured that we stayed relevant to help our customers become purpose-driven, resilient and adaptable. Our deep contextual and domain knowledge, comprehensive portfolio of solutions and services, expertise in cloud and digital technologies, and investments in research and innovation helped in our clients’ growth and transformation journeys,” said NG Subramaniam, Chief Operating Officer, TCS.

“We are pleased to be recognized among the Top Two IT Services Providers of the Year based on our Leadership positions across a broad range of digital capabilities and industry-specific domains. It encourages us to keep innovating to achieve greater heights.”

TCS partners with some of the world’s largest corporations in their innovation, growth and transformation initiatives. In the past year, it has expanded and deepened relationships, deploying very impactful solutions, and winning some of its largest deals till date. In the post-pandemic world, TCS is helping customers look beyond the products and services they sell, to the purpose behind their existence, defining the blueprint for their transformation journey and layering this approach with resilience and adaptability.

The company has been steadily launching new services to cater to different stakeholders within the enterprise, as well as new products and platforms. It has been systematically investing in research and innovation, taking up promising themes in each industry, and collaborating with domain experts to build innovative solutions that are proactively showcased to customers. In addition, the company has been partnering with customers through the discovery, definition, refinement and delivery phases at the TCS PacePorts, its co-innovation centers located across the world.

Ata round 11.09 am, Tata Consultancy Services Ltd is currently trading at Rs3141.00 per piece down Rs1.05 or 0.03% from its previous closing of Rs3,142.05 per piece on the BSE.

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