labels: tata consultancy services, it news
TCS is now world's best performing IT service providernews
Our Corporate Bureau
03 February 2007

Mumbai: Tata Consultancy Services (TCS) topped the list of top 10 best performing IT services providers worldwide in a ranking by US-based Global Services, a publication specialising on IT businesses. TCS, with a strong focus on large deals, has been ranked as the number one IT service provider in the world.

The ranking comes close on the heels of group company Tata Steel winning the Corus battle in Europe.

TCS, which has topped the chart of the Indian IT firms for many years, catapulted to the global ranking of Global Services which compiled the list of the most innovative service providers in the world.

"Its (TCS) focus on large deals and entering the non-US market is likely to take this Indian company further still," the magazine observed.

TCS derives strategic advantage out of large deals that are considered to be relatively less profitable because of lower margins. It uses its offerings in large IT-service deals to cross sell its other offerings consulting, BPO, engineering and infrastructure, it said. Indian companies dominated the list of top performers with 36 of them finding place among the first 100 rankings. Cognizant Technologies occupies the second position followed by Infosys Technologies, HCL Technologies, Neoris and Patni Computer System.

The top ranking in the list – that includes Infosys Technologies, Satyam, Wipro and HCL Technologies – for both leaders in human capital development and best performing BPO providers went to Genpact.

Hinduja TMT was selected as the best performing global call centre provider while the honour for the best performing managed services provider went to Affiliated Computer Services of the US. Polaris Software Labs with delivery centers in India led the list of the top 10 speciality application development providers, the top engineering services provider slot went to Patni Computer Systems. MindTree Consulting occupied the seventh spot followed by Politec, Satyam Computers Service and Wipro Technolgies.

India accounts for the largest number of companies among the top 100 with 36 finding the coveted slots and is followed closely United States with 32 outfits. Together, India and the US cornered 68 of the top 100 slots. Expert from Global Services, a CMP-CyberMedia publication and outsourcing experts at neoIT, a consulting firm that specializes in servicing globalization, identified top service providers on the basis of survey conducted by the publication.

CMP-CyberMedia LLC is a 50-50 joint venture between CMP Media in the US and CyberMedia in India.

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TCS is now world's best performing IT service provider