Infotech Lead India: Tata Consultancy Services (TCS) is gaining from its Big Data initiatives across the world.
TCS, which reported second quarter revenue of Rs 15,621 crore, up 34.3 percent y-o-y, said it used Big Data technologies to convert legacy linear analytical engines to distributed computing models for a global market research firm which enabled the customer to leverage the entire population data instead of sample data analysis and driving a 10x improvement in execution time.
During the second quarter of 2012-13, India’s IT major was also selected by a global food & beverage firm as Big Data Solution development partner to and generate granular insights and forecasts using advanced analytical models with scalable computation Transformation.
Moreover, TCS signed an agreement with a beverage company to deliver their European Supply Chain Master Planning solution and help customer obtain a regional supply network optimization capability.
Tata Consultancy Services also selected by a US manufacturer for an enterprise level SAP deployment roadmap and assessment.
A UK retail bank also chose TCS as a strategic partner to transform the account opening process of their Corporate Banking business.
TCs will also work as a strategic partner for the Digital Transformation Program for a US based payment company.
S Mahalingam, chief financial officer and executive director, TCS, said: “In the current operating context, it is important for us to remain efficient, keep a healthy grip on expenses, conserve cash and at the same time invest for the future. In this quarter, TCS has posted a credible margin performance at the operating level and we have also expanded our net margins by managing the ongoing currency volatility.”
TCS said growth in Q2 was very broad-based and seen across all industry segments led by Manufacturing, Retail, Telecom and BFSI. There was balanced growth across all service lines with new services like Infrastructure growing in double digits.