Tata Consultancy Services' $50-billion goal below its growth standards

To reach its targeted revenue of $50 billion by the end of 2029-30, the company will need to grow at a CAGR of 8.9 per cent over the next eight years to achieve that goal

Tata Consultancy Services (TCS) — the largest information technology (IT) services provider in India and the second-largest globally — recently set an ambitious goal of $50 billion in revenue by 2030. The growth required to reach this goal, however, is lower than the company’s own standards.

The company has stated that by 2030 it aims to be $50 billion in revenue, this also means that it can achieve this target even before 2030. Especially in the light of the rising demand for digital transformation and shift to cloud. 

Assuming TCS reaches its targeted revenue of $50 billion by 2030,