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    TCS   INE467B01029

TATA CONSULTANCY SERVICES LTD.

(TCS)
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Tata Consultancy Services : TCS Recognized as a Leader in IDC MarketScape for Asia-Pacific Cloud Security Services

07/20/2021 | 05:03am EDT

According to the Report, Tata Consultancy Services Has One of the Most Comprehensive Cloud Security Portfolios in the Market, Addressing the Entire Lifecycle Stages of Cloud Adoption.

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been positioned as a Leader in the IDC MarketScape for Asia/Pacific Cloud Security Services1.

According to the report, 'TCS has one of the most comprehensive cloud security portfolios in the market, addressing the entire lifecycle stages of cloud adoption.' It goes on to say, 'Having worked with clients from various industries and sectors, TCS is able to bring what it considers 'contextual knowledge' to develop product and service packages that fit clients' needs in the region.'

'The speed of evolution of cyber threats in the cloud ecosystem is increasingly seen as the biggest risk to enterprises. TCS' innovative and responsive suite of services and solutions helps enterprises secure their cloud-led transformations and become cyber resilient,' said Santha Subramoni, Global Head, Cyber Security, TCS. 'Our positioning as a Leader is a reflection of our vision and strategy, capabilities, strong focus on delivering purpose-driven solutions and the resultant market impact.'

TCS offers comprehensive, state-of-the-art, consulting-led cloud security services, which are highly digitized and tailor-made to client requirements. These offerings help customers in Asia/Pacific design a Zero-Trust based resilient architecture, modernizing their business, IT and security stack, build cloud-agnostic solutions, extend enterprise security to the cloud and design automated and vigilant operations.

TCS offers a full suite of security services around areas such as managed detection and response, identity and access management, enterprise vulnerability management, governance, risk and compliance, data privacy and protection, digital forensics and incident response, cloud security, data security and IT/OT security services.

Additionally, TCS addresses customers' security needs, ensuring business resilience and agility with a zero trust framework as well as various solutions, tools and platforms, including a cyber vigilance platform, automated vulnerability remediation platform, consent management solution, vendor risk management solution and a digital identity as a managed service platform - TCS IdentiFence. TCS' Threat Management Centers located across the globe help customers with rapid and expert security services locally, while ensuring compliance with local data protection laws. Customers are partnering with TCS to secure their digital transformations and proactively defend their digital estate from cyber-attacks and vulnerabilities.

About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

About Tata Consultancy Services (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development.

A part of the Tata group, India's largest multinational business group, TCS has over 500,000 of the world's best-trained consultants in 46 countries. The company generated consolidated revenues of US $22.2 billion in the fiscal year ended March 31, 2021, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com and follow TCS news at @TCS_News.

To stay up-to-date on TCS global news, follow @TCS_News.

1 IDC MarketScape: Asia/Pacific Cloud Security Services 2021 Vendor Assessment Study, Cathy Huang and James Sivalingam, IDC #AP47097721, June 2021

TCS Media Contacts:

Asia Pacific

Email: sean.davidson@tcs.com

Phone: +65 9139 3668

Australia and New Zealand

Email: Kelly.ryan@tcs.com

Phone: +61 422 989 682

Benelux

Email: Joost.galema@tcs.com

Phone: +31 615 903387

Canada

Email: tia.thomas@tcs.com

Phone: +1 647 790 7602

Europe

Email: mattias.afgeijerstam@tcs.com

Phone: +46723989188

India

Email: saxena.kritika@tcs.com

Phone: +91 22 6778 9999

Email: reena.mehta@tcs.com

Phone: +91 22 6778 9999

Email: vanshika.sood@tcs.com

Phone: +91 22 67789098

Middle East & Africa

Email: s.hasneen@tcs.com

Phone: +00971567471988

Japan

Email: douglas.foote@tcs.com

Phone: +81 80 2115 0989

Latin America

Email: martin.karich@tcs.com

Phone: +569 6170 9013

Nordics

Email: roland.bagen@tcs.com

Phone: +46703178024

UK

Email: peter.devery@tcs.com

Phone: +44 20 3155 2421

USA

Email: william.thomas@tcs.com

Phone: +1 203 984 3978

(C) 2021 Electronic News Publishing, source ENP Newswire

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Analyst Recommendations on TATA CONSULTANCY SERVICES LTD.
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Financials
Sales 2022 1 907 B 25 919 M 25 919 M
Net income 2022 393 B 5 342 M 5 342 M
Net cash 2022 416 B 5 650 M 5 650 M
P/E ratio 2022 36,8x
Yield 2022 1,93%
Capitalization 14 439 B 196 B 196 B
EV / Sales 2022 7,36x
EV / Sales 2023 6,51x
Nbr of Employees 488 649
Free-Float 27,8%
Chart TATA CONSULTANCY SERVICES LTD.
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Tata Consultancy Services Ltd. Technical Analysis Chart | TCS | INE467B01029 | MarketScreener
Technical analysis trends TATA CONSULTANCY SERVICES LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 37
Last Close Price 3 903,30 INR
Average target price 3 580,11 INR
Spread / Average Target -8,28%
EPS Revisions
Managers and Directors
Rajesh Gopinathan CEO, MD & Non-Independent Executive Director
Samir Seksaria Chief Financial Officer
Natarajan Chandrasekaran Non-Executive Chairman
K. Ananth Krishnan Chief Technology Officer
N. Ganapathy Subramaniam COO & Non-Independent Executive Director
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