TCS's digital revenue close to $2 bn

The company for the first time shared that digital revenue as part of the consolidated revenue is around 12.5%

It seems Tata Consultancy Services (TCS), the India’s largest information technology services provider, is moving in the right direction on digital strategy. The company for the first time disclosed that digital revenue was 12.5 per cent of the consolidated revenue, slightly lower than the $2 billion mark. TCS ended FY15 with a total revenue of $15.5 billion.  

N Chandrasekaran, chief executive officer and managing director, said: “Demand from our core markets like North America and greater traction for ‘digital’ solutions in key verticals such as financial services, retail and life sciences has driven volumes and growth in the first quarter. Our significant investments in IP and platforms, digital capabilities and our execution track record gives us a firm foundation to capture growth in the current financial year.”

The company for the first time, for the  last quarter ended March, disclosed that revenue from its cloud platform (those developed in-house) had touched $125 million.

So far, the company has refrained from sharing the direct revenue from its digital segment. The management has time and again stated that digital deals run across verticals and each new deal has a digital component to it. TCS has undertaken a programme to train 100,000 employees on digital platforms. These employees will be deployed across domains and bands. For this, the company has created immersive content covering the entire gamut of digital offerings.

The new platform and allied infrastructure will enable ‘anytime-anywhere’ learning in a cloud environment.

During the first quarter, TCS said it had added 38 clients to its cloud platforms and Ignio, its neural automation platform launched in June, was also getting good traction. “We have made multiple new investments and Ignio is one. The market will take time to adopt these initiates,” Chandrsekaran said.