TCS positive factors $2 billion model worth in a 12 months

Tata Consultancy Companies (TCS) has been rated as the second most respected IT companies model on this planet within the 2024 World 500 IT Companies Rating by Model Finance. TCS’ model worth has surged to $19.2 billion from $17.2 billion in 2023, exhibiting a robust development of 11.5 per cent year-on-year (y-o-y). The incremental $2-billion development is the very best absolute development posted among the many prime 25 main IT companies on this planet. 

“TCS has proven excellent development, rising its model worth by greater than every other firm in its business. This achievement displays their dedication to innovation and market management. The development of their Model Power Index from 82 to 84, whereas retaining their AAA-brand ranking, highlights TCS’ strategic excellence. As one of many world’s most respected IT companies manufacturers, TCS is a transparent model chief within the business, demonstrating the ability of constant model funding and power,” stated, David Haigh, CEO and Chairman, Model Finance.

Moreover TCS, Accenture and Infosys boosted their model worth as effectively. The three companies topped the record of IT companies when it comes to model worth, Accenture maintained its place because the world’s most respected IT companies model, with a model worth of $40.5 billion, up 1.6 per cent from final 12 months.

The model finance report means that adoption of applied sciences like generative AI has performed a significant position in boosting model worth of IT companies particularly Accenture.

• Additionally learn: TCS and Macquarie College collaborate to launch new analysis centre

Over the previous many years, we have now made a concerted effort to make the TCS model extra international utilizing a spread of strategic marketingactions, which is being mirrored on this model efficiency. I wish to thank all my colleagues, who construct and improve our model by their each day efforts. Embracing the Tata Group’s bigger imaginative and prescient, we’re deploying the complete energy of our brandplatforms to not solely form a extra sustainable future but in addition strategically place our model as a pacesetter in Synthetic Intelligence and different rising know-how fronts.,” stated Abhinav Kumar, Chief Advertising Officer, Tata Consultancy Companies. 

In the meantime, Azim-Premji-backed Wipro was the one IT companies main to have witnessed an erosion in model worth by 7.6 per cent on a y-o-y foundation to $6.2 billion.