Tata’s Accelerated Growth Driven By European Demand

The India-based IT firm Tata Consultancy Services generated mover $5.5 billion in the most recent quarter ended December 31, 2019, which represented growth of 6.8% from the same period in the prior year.

Rajesh Gopinathan, Chief Executive Officer and Managing Director, provided further insights on the firm’s performance.

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“We saw the sectoral trends of the first half of the year continue to play out in the third quarter. Our robust order book during the quarter reflects our ability to pitch innovative technology solutions to address the business needs of different stakeholders in the enterprise, and participate in our customers’ enterprise-wide transformation initiatives. This is also helping deepen and broaden our customer relationships, and make the business more resilient.”

Gopinathan added, “Our participation in the growth and transformation spends of our customers is most evident in our sustained success in Continental Europe where our revenues have more than doubled in the last five years. Our thought leadership in areas like the Business 4.0™ framework, Enterprise Agility and the Machine First Delivery Model, our domain and technology consulting expertise, investments in research and innovation, and our ability to design complex solutions leveraging multiple capabilities from across TCS, have made us the preferred partner for CEO-level initiatives at progressive organizations.”

Tata’s depth of expertise has been built on a foundation of training. In the quarter alone, more than 327,000 of its employees were trained in digital technologies while more than 400,000 were trained in Agile methods.