Tata Consultancy Services (TCS) has now become the world’s third largest IT company by way of revenue. The Mumbai-based tech company has overtaken US major DXC Technology.
FY19 performance of TCS is slightly ahead of DXC and the Indian tech giant is far more profitable than it U peer. IBM is the number one IT company, followed by Accenture.
TCS' consolidated net profit stood at Rs 31,562 crore, while its revenue was at Rs 1.46 lakh crore in the last financial year.
Apart from crossing the $ 20 billion revenue mark, TCS also became the first Indian company to achieve a market capitalisation of $ 100 billion in the last decade, and join the list of the top 100 most valuable companies in the world.