TCS Ignio to touch $100 million revenue milestone this year

MUMBAI: TCS expects demand for its Artificial Intelligence product, Ignio, to increase as more companies shift to a work-from-home model in the aftermath of the Covid-19 pandemic, its top executive said.

Ignio, an automated product that helps companies pre-empt system failures, inched close to $100 million in annual revenue in the previous financial year, said CEO Rajesh Gopinathan, after topping $60 million in fiscal year 2019 and garnering $31 million in 2018.

“We had hoped that it (revenue from Ignio) will cross $100 million this year (FY20) but it’s just short of it. It is still doing quite well,” Gopinathan said. “Its relevance will increase significantly as we go into a distributed operating model.”