Tata Consultancy Services (TCS) (BSE: TCS.BO, NSE: TCS.NI), the world’s leading IT services and consulting firm, today announced that it has been positioned by Gartner, Inc. in the leaders quadrant for the ‘Magic Quadrant for Offshore Applications Services’ 2006 report.
‘Leaders’ are vendors who are performing well today, have a clear vision of market direction, and are actively building competencies to sustain their leadership position in the market.
“TCS has always focused on delivering quality services and products and our customers have consistently ranked our applications services offerings very high,” said S. Ramadorai, CEO and Managing Director of TCS. “We believe this report is further evidence that we are realizing our vision to be a global top 10 technology services provider. Our offerings and Global Delivery Model continue to position us as the partner of choice for companies around the world.”
TCS has taken rapid strides in setting up development centers in virtually every continent, including Australia, Budapest, Hungary; Montevideo, Uruguay; Mississauga, Ontario, Yokohama; and throughout the U.S. and India. TCS also has a number of dedicated centers of excellence in the U.S., such as its Automotive COE in Detroit, Media and Entertainment in Hollywood, and RFID Center in Chicago.
About the Magic Quadrant
The Magic Quadrant is copyrighted 2006 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner´s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Tata Consultancy Services Ltd (TCS)
Tata Consultancy Services Limited (TCS) is the world leading information technology consulting, services, business process outsourcing and engineering services organization that envisioned and pioneered the adoption of the flexible global business practices that today enable companies to operate more efficiently and produce more value. TCS achieved this by creating and perfecting a unique method of global deployment and delivery of high quality, high value services and products in IT consulting and business process outsourcing. Known as the “Global Delivery Model,” this strategic services delivery concept has reshaped the IT services industry.
More than 95% of TCS customers reward the company’s reliability, passion, creativity, and unique ability to handle the broadest range of their IT needs by continually extending and deepening their partnerships with TCS. With over 50,000 of the world’s best trained IT consultants located in 34 countries, TCS is uniquely positioned to deliver its flexible world class services seamlessly to any location. TCS reported consolidated revenues of $2.24 billion (U.S.) in the fiscal year 2004-2005. The company is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information: www.tcs.com