Tata Consultancy Services [Get Quote] has been ranked among the leading global IT companies by global magazine BusinessWeek. It has also been named as the only Indian entity to be listed among the world's top 10 most profitable firms.
With a return on equity of 46 per cent, TCS was the only Indian company to be ranked among the top 10 most profitable companies in the world.
BusinessWeek in its '2007 Information Technology 100' listing has placed TCS on the 23rd position among the world's leading infotech companies.
According to the magazine, ever since TCS went public in 2004, the Mumbai-based company has been on a tear. It is growing rapidly, with a 41 per cent rise in revenues to $4.3 billion for the fiscal year ended March 31.
The 10 Most Profitable IT Companies | |
Company | Return on Equity |
Grupo IUSACell | 226.2% |
Windstream | 94.0% |
Amazon.com | 70.8% |
BT Group | 67.2% |
Accenture | 66.0% |
Cosmote Mobile Telecom | 61.1% |
High Tech Computer | 59.3% |
Millicom Intl Cellular | 53.6% |
Tata Consultancy Services | 46.1% |
VTech Holdings | 42.1% |
Of all of the Indian tech-services outfits, TCS has the largest network of delivery centres outside India.
In Latin America alone it employs more than 5,000 people, most of them locals, and it just announced a new service delivery centre in Mexico.
TCS CEO and MD S Ramadorai said: "TCS is focussed on delivering the best results for our global customers. This recognition from BusinessWeek is a testament that our dedication to customers is helping fuel our global growth and success."
A part of the Tata Group, India's largest industrial conglomerate, TCS has over 89,000 IT consultants in 47 countries.
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