TCS became the second most valuable company behind American company IBM
Tata Consultancy Services (TCS) has surpassed IBM as the world’s second most valuable IT services company. According to the Brand Finance 2022 Global 500 report, Infosys, an IT company, ranked 25th in the IT Services category. Infosys is a rapidly expanding company. This list also includes four other tech companies from across the country. Overall, all six major Indian brands are among the world’s top ten fastest-growing IT services companies. This is a ranking for the years 2020-22.
In this ranking of IT services, Accenture comes in first. Acenger has a brand value of $36.2 billion, according to the report. According to the report, the American IT firm has climbed to fourth place in the IBM rankings. Between 2020 and 2022, India’s IT companies experienced the fastest growth, with a 51 percent increase.
TCS has a brand value of $16.786 billion dollars.
This is the first time TCS has received such a large sum of money. TCS’ brand value increased by $16.786 billion (12.5 percent) to $16.786 billion (roughly Rs 1.26 lakh crore) in the last year, according to the report. TCS, an IT services firm, earned $ 25 billion in revenue in 2021, according to the company.
TCS has surpassed IBM as the second most valuable brand in the sector, according to David Haig, CEO and President of Brand Finance. This company is constantly improving its IT Services ranking. Last year, TCS increased the value of its global brand. The company has risen to this position as a result of consistent investment.
Remote working is beneficial to IT companies.
According to Brand Finance’s report, remote working or working from home has become more common in the workplace. This new fashion trend is sweeping the globe. The importance of digitization in the global economy has risen to the top. This is why, in the last two years, IT services have grown at the fastest rate. India will play a significant role in Artificial Intelligence, Data Analytics, and the Internet of Things in the future (IoT).