TCS ranked 3rd most-valued IT services brand globally

TIL Desk/Business/Bengaluru/ Tata Consultancy Services (TCS) has been ranked the third most-valued IT services brand globally, after Accenture and IBM, according to a report by Brand Finance.Four Indian IT services companies — TCS, Infosys, HCL and Wipro — secured spots in the top-10 global tally.

“Third-ranked TCS is rapidly closing the gap with IBM following a healthy 11 per cent brand value increase to USD 15 billion,” the report by Brand Finance said. TCS has celebrated strong revenue growth as demand grows for its core transformation services and through winning deals — worth over USD 6.8 billion in the fourth quarter of 2020 alone, it added.

“With the brand benefitting from the long cycle of technology spending in its overseas markets, and the increase in spending from the financial sector in the US and European markets as the road to recovery begins, TCS will be hoping the coming year will prove even more fruitful,” the report said.