TCS has become the third largest IT company in the world by revenue from AT| 16.06.2019
TCS reported a 9.6% growth in dollar sales at $20 and 91 billion for the 19 fiscal year, as DCX reported revenues of $20,75 billion, which is 4.5% lower compared to the same period
Tata Consultancy Services (TCS) reported higher than expected revenues for the quarter ending in March. Currently it is the third-largest software provider
services revenues after IBM and Accenture. Earlier this title belonged to the American company DXC Technology, which recently announced its performance for the 4th quarter.
Comparing the financial results of TCS and DXC for the last fiscal period, it is clear that the Mumbai-based firm, which is the largest exporter of software in India, can
offers the best performance and, consequently, overcome a new label. In April, TCS reported revenues of $20 and 91 billion for the 19 fiscal year, which was 9.6% more than in the previous year.
According to the company, the additional income amounted to $2.2 billion in constant currency terms. For comparison, DCX reported revenues in the public sector in the amount of $20,75 billion, which is 4.5% lower
compared to the same period last year.
In fact, TCS is significantly ahead in terms of net profit: $4.5 billion versus $1.26 billion for DCX. According to CNBC, TCS also are much more profitable than competitors, operating margins
of company in the 2019 financial year amounted to approximately 26% vs. 15.8% for DXC and 13-14% for Accenture.
Tata Group continues to show optimism about growth after the publication of his “very strong revenue growth” over the past 15 quarters. Company TCS reported revenue growth for the quarter by
18,5% compared to the corresponding period last year. But now TCS will have to increase your income to deal with Accenture for the second spot in the global rankings.
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