Digital demand marks strong Q3 for TCS

Consolidated financial results reported by Tata Consultancy Services show digital revenue up 39.6% as businesses ramp up their digital investments and take advantages of opportunities in the Business 4.0 era

Tata Consultancy Services (TCS), the global information and consulting company, has released its consolidated financial results as of December 31, 2017. Total revenue stood at $4,787Mn, up 9.1% year-on-year, with digital revenue making up 22.1%, up 39.6%.

Rajesh Gopinathan, CEO and Managing Director of TCS, said: “Progressive organisations looking to take advantage of new opportunities in the Business 4.0 era are ramping up their digital investments, and TCS has emerged as their preferred transformational partner. We signed our first $50Mn+ deal in Digital this quarter, crossing an important milestone in the mainstreaming of digital technologies.”

December marked the end of a good quarter, N. Ganapathy Subramaniam, Chief Operating Officer and Executive Director, TCS, said. “New deal ramp-ups, increasing traction in digital, robust demand pick up in retail and continuing momentum in most of our industry verticals gave us strong volume growth in a seasonally weak quarter,” he added.

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