News: TCS is now second among world's most valuable IT firms

Technology

TCS is now second among world's most valuable IT firms

After the recent rally in its stock price, Tata Consultancy Services (TCS) is now the world’s second-most-valuable IT services company — ahead of Accenture and Hewlett-Packard but behind IBM, Business Standard reported.

After the recent rally in its stock price, Tata Consultancy Services (TCS) is now the world’s second-most-valuable IT services company — ahead of Accenture and Hewlett-Packard but behind IBM, Business Standard reported.

The Indian firm is currently valued at around $60 billion, compared with Accenture’s $50.5 billion and HP’s $43 billion. IBM remains the leader, with a market capitalisation of $202.6 billion as at the end of Monday’s trading

The company has traded at around 27 times its net profits over the past 12 months. In comparison, Accenture, TCS’ closest global rival, trades at around 17 times its latest earnings per share, while IBM trades at 12.4 times

Read the complete Business Standard report here

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Topics: Technology, Strategic HR, #Updates, #International

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