TCS income: TCS annual income reaches $25 billion, doubles market capitalization


India’s largest software program providers exporter Tata Consultancy Providers (TCS) has elevated its income from $18.5 billion in calendar yr 2017 to $25 billion in calendar 2021, whereas doubling the market capitalization to 200 billion by September 2021 from the extent of April 2018. Billion {dollars} executed. The tenure of Managing Director and Chief Govt Rajesh Gopinathan, who accomplished 5 years on Monday.

TCS mentioned the subsequent $25 billion shall be pushed by customer-initiated progress and transformation tasks, helped by the IT service supplier’s continued transfer towards cloud-based choices.

The corporate has seen a 67% improve within the variety of ladies in senior management positions, with the full workforce rising by 42% to 556,986 in 2021 from 390,880 in 2017, an announcement mentioned.

The corporate lately mentioned that feminine staff make up 36 p.c of its whole workforce, which incorporates greater than 200,000 ladies.

As a part of its progress and transformation technique, TCS is step by step venturing into new areas and increasing its providers portfolio.

The corporate mentioned this transformation will outline the subsequent 5 years, from a project-based, software development-based deal with enterprises to a deal with gaining extra pockets share.

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Gopinathan’s tenure has additionally been marked by the worldwide COVID-19 pandemic, which resulted within the firm adopting a 25×25 imaginative and prescient, during which by 2025, solely 25% of its workforce will work exterior TCS services at any given time, with associates solely 25% Will spend of his time within the workplace.

Gopinathan was beforehand the Chief Monetary Officer of TCS and stepped into this function following the elevation of N Chandrasekaran because the Chairman of the Tata Group.

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