India’s TCS has displaced Accenture as the World’s Largest pure-play Information technology firm servicing banking, Financial Services and insurance (BFSI) Sector.
Indian multinational Information Technology service, and consulting company Tata Consultancy Services (TCS) has displaced Accenture, a global management consulting firm as the world’s largest pure-play Information Technology firm servicing Banking, Financial Services and insurance (BFSI) sector.
TCS earned $2.07 billion in business from the sector in the July-September (2018) period as compared to Accenture’s $2.01 billion in the June-August (2018) period.
TCS completed September quarter with $5.21 billion in revenue while Accenture with $10.1 billion in August quarter.
In April 2018, TCS emerged as the first Indian IT company to break $100 billion Market Capitalization, and 2nd Indian company ever (after Reliance Industries) after its market capitalisation stood at $102.6 billion.