Currently, TCS — the second-fastest growing software company among the top 10 — is valued at $121.73 billion compared to $119 billion of IBM.
India’s largest software exporter Tata Consultancy Services (TCS), which went past IBM’s market capitalisation on Monday, is about 11 per cent away from turning more valuable than Adobe Inc. Currently, TCS — the second-fastest growing software company among the top 10 — is valued at $121.73 billion compared to $119 billion of IBM and $118 billion of Accenture.
The Tata group company’s revenue has risen 12 per cent on a compounded basis in the past five years compared to 7 per cent of Microsoft, 9 per cent of Apple or 8 per cent of SAP. Since its listing in August 2004, TCS stock has returned 1,790 per cent. Apple, the only stock which has outperformed TCS among IT giants, has returned 8,400 per cent during this period. But, IBM and Accenture posted sales of $80 billion and $42 billion, respectively, compared to TCS’s revenue of $21 billion. The market value of TCS trails SAP by 23 per cent.
