Tuesday, May 21

TCS Launch Business 4.0, Target $5 Billion Digital Revenue

Tata Consultancy Services Ltd, India’s largest IT firm is betting big on ‘Business 4.0’ to propel its revenues from new age-technologies like automation, cloud, and the Internet of Things to over $5 billion this year.

Rajesh Gopinathan, MD, and CEO at TCS reported,

There are numerous components of digital technologies, there is cloud, automation, analytics, IoT. People have been looking to various technologies each of which has its own value and importance, the point, however, lies in the fact how one stitches them together helping in business growth.

Business 4.0 is a thought based leadership framework that helps customers leverage digital technologies to direct their growth and transformation agendas, as told by CEO Rajesh Gopinathan.

While asserting the fact that TCS is not a ‘desperate shopper’, Gopinathan said that company has been very selective in acquisitions, which is the reason all the company’s acquisition have delivered value. They never had to roll back any acquisition.

He also informed that hat company has witnessed an upsurge in the number and size of digital assignments clients have been providing.

Moreover, TCS employees more than¬†2.45 lakhs were trained on digital while employees more than 2 lakh have been trained at various stages of “Agile Methodologies”.

The CEO said that digital opportunity runs globally which is a reason why new technologies are becoming increasingly popular across enterprises.

“Last year, we had crossed $3 billion (in digital revenue)…It has grown 35%, it has grown faster than it had grown last year. We have crossed $4 billion in digital revenues… Run rate-wise, it is close to $4.7 billion,” Gopinathan said.

He added that digital revenues would cross over $5 billion this year for the Tata Group company.

On being asked if the company would look for further acquisitions to strengthen its place in the digital landscape, Gopinathan said that TCS is always open to such acquisitions and would not be solely dependent on inorganic routes.