TCS Surpasses Accenture As ‘Most Valued IT Company’ Worldwide

ByPT Reporter

Tata Consultancy Services (TCS) is now the Most Valued IT Services Company in the world, surpassing Accenture. TCS’s market value stood at USD 144.7 billion, compared to Accenture’s USD 143.1 billion, as of October 8, 2020 closing.

Among listed Indian companies, TCS is only behind Reliance Industries in terms of market capitalisation which is at nearly USD 215 billion. The Indian software services major rallied over 3% to close at Rs 2,825/- after its board approved a share buyback at Rs. 3,000/- per share.

Several brokerages upgraded TCS stock after it clocked stellar returns for the September quarter. The company reported a profit after tax of Rs. 7,475/- crore for the quarter ended September 2020, registering a 6.7% sequential growth.

This is not the first time that TCS has raced ahead of its competition. Back in 2018, IBM dominated the market with 300% more revenue than TCS, followed by Accenture in second place. In April that year, TCS reached the $100 billion valuation mark and overtook Accenture’s pinnacle position in the market.

Similar Posts

  • A’bad Parsi Panchayat Approaches CM For Agiary

    ByDelaveen Tarapore

    The Trustees of the Ahmedabad Parsi Panchayat have approached the state’s Chief Minister to facilitate the allocation of land to build an Agiary near the Parsi Sanatorium, located close to the Sabarmati riverfront. Earlier in the week, five Trustees of the Parsi Panchayat, led by President Brig. (retd) Jahangir Anklesaria and Vada Dasturji Khurshed Dastoor,…

  • Understanding Our Ceremonies: The Farokhshi

    ByPT Reporter

    [otw_shortcode_info_box border_style=”bordered” css_class=”boxed”]Parsi Times shares excerpts from one of the all-time-classics – ‘In Search Of My God’ – which celebrates Zoroastrian history, religion and culture. What better way to rediscover the splendor of our great religion than by enriching the comprehension and exploring the brilliance of the greatest of all religions… by the grace of…

  • Naasha Pithawalla – Flying High!

    ByPT Reporter

    [otw_shortcode_info_box border_style=”bordered” css_class=”boxed”] ‘PT Bright Spark’ is Parsi Times’ endeavour to promote and encourage our youth in their enterprises and efforts towards achieving greatness, by sharing inspirational achievements and journeys of their peers who are well on their way to becoming the Youth Icons of our community! In this issue, PT presents our dynamic Bright…

  • Caption This – 19th November

    ByPT Reporter

    Calling all our readers to caption this picture! Winning Caption and Winner’s Name Will Be Published Next Week. Send in your captions at editor@parsi-times.com by 23rd November 2022. [otw_shortcode_info_box border_style=”bordered” css_class=”boxed”] Disclaimer: Some of our ‘Caption This’ Contest photos are taken from freely available, public online resources and are published in a light and humorous…

  • કર્મના નિયમો

    ByPT Reporter

    શ્રીમોટા આ યુગના એક મહાન સંત થઇ ગયા. શ્રીમોટા કોઈને જાણ ન થાય એ રીતે પોતાની સાધના કરતાં હતા. તે આમ તો હરિજન સેવાનું કામ પણ કરતાં હતા. એમાં જરાયે કચાશ આવવા દેતા ન હતા. દર વરસે એક મહિનો શ્રીમોટા રજા લેતા.  શ્રીમોટા કોઈ એકાંત સ્થળે એકલા જતા. ત્યાં ગુરુ મહારાજના આદેશ પ્રમાણે સાધના કરતાં….