TCS 3rd most-valued IT services brand globally, closes gap behind IBM: Brand Finance

New Delhi: Tata Consultancy Services Ltd. (TCS) is now the world’s third most-valued IT services brand, only behind industry heavyweights Accenture Plc and International Business Machines Corp. (IBM), according to a report released on Wednesday.

Four Indian IT services companies—TCS, Infosys Ltd. (4), HCL Technologies Ltd. (7) and Wipro Ltd. (9)—have secured spots in the Top-10 global rankings.

“Third-ranked TCS is rapidly closing the gap with IBM following a healthy 11% brand value increase to $15 billion,” the Brand Finance ‘IT Services 25 2021’ report stated. TCS has celebrated strong revenue growth as demand grows for its core transformation services, and by winning deals worth over $6.8 billion in the fourth quarter of 2020.