India’s TCS has displaced Accenture as the world’s largest pure-play Information technology firm servicing banking, Financial Services and insurance (BFSI) sector.
Indian multinational information Technology service, and consulting company Tata Consultancy Services (TCS) has displaced Accenture, a global management consulting firm as the world’s largest pure-play Information Technology firm servicing Banking, Financial Services and Insurance (BFSI) sector.
TCS earned $2.07 billion in business from the sector in the July-September (2018) period as compared to Accenture’s $2.01 billion in the June-August (2018) period.
TCS completed September quarter with $5.21 billion in revenue while Accenture with $10.1 billion in August quarter.
TCS is one of the largest companies in India as far as market capitalization is concerned and it is currently positioned among the MOST VALUABLE IT services companies Worldwide.
In April 2018, TCS emerged as the first Indian IT company to break $100 billion Market Capitalization, and 2nd Indian company ever (after Reliance Industries) after its market capitalisation stood at $102.6 billion.
