TCS recognized as a leader and star performer in capital markets application outsourcing services by Everest Group

The FINANCIAL — Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organization, has been ranked as a ‘Leader’ and ‘Star Performer’ in Capital Markets specific Application Outsourcing (AO) services for the third straight year by Everest Group in its report, “Everest Group’s PEAK Matrix for Capital Markets AO Service Providers,” December 2014, according to Tata Sons Ltd.

The Everest Group analyzed the capabilities of 23 leading AO service providers specific to the global capital markets sector. These providers were mapped to Everest Group PEAK Matrix which is a composite index of a range of distinct metrics related to each provider’s capability and market success. TCS scored in the highest percentile for both delivery capacity and market success. The report also recognized TCS for its ongoing commitment to domain investment, project scale and scope, delivery footprint and overall buyer satisfaction. In addition, the firm was recognized for its tremendous achievements in raising their operating margin by more than two percent and growing revenues in the Business Financial Services Group by more than 15 percent in FY14.

“TCS continues to maintain its ”Leader” and ”Star Performer” positioning in the capital markets AO space for a third consecutive year, given its ever-growing scale, market success and buyer satisfaction,” said Jimit Arora, vice president, Everest Group. “TCS earned this year’s recognition for being a reliable and trusted provider for several capital markets buyers who value the company for their solid delivery capabilities, strong domain knowledge and ongoing investments in client relationships,” he added.

“We are honored to once again be recognized as a ‘Leader’ and ‘Star Performer’ in capital markets AO by Everest for the third straight year,” said TCS’ Susheel Vasudevan, head of banking and financial services. “This recognition highlights TCS’ ongoing commitment to being an elite technology and IT services partner in the financial services industry. We at TCS are committed to lead the way in both innovation and reliability of Capital Markets services and products.”