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Mumbai: Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS), the leading IT services, business solutions and outsourcing firm, today announced that it ranked fifth overall, and topped the list for IT services, in Bloomberg Businessweek's twelfth annual Tech 100, a ranking of the world's best performing technology companies.
To compile this list, over 6,500 actively traded primary securities across 13 technology sectors were initially considered. Companies who did not meet the requirements of a minimum capitalisation of $1 billion, revenues of at least $500 million, under a 5 per cent decline in revenues from 2008 and 2009, and less than a 50 per cent drop in stock value in the last year ending April 30, 2010, were eliminated. The remaining companies' revenues and operating income were normalised in order to fairly compare and rank them based on these metrics, weighted at 35 per cent each, as well as total shareholder return and employee growth, weighted at 20 per cent and 10 per cent respectively.
The top hundred technology companies were ranked in order of the best weighted scores. With a shareholder return of 150 per cent, TCS jumped from thirtieth on last year's list to fifth.
A part of the Tata group, India's largest industrial conglomerate, TCS works as a trusted business advisor to provide global corporations with a wide range of IT, BPO, infrastructure and consulting services and solutions. Based on a Global Network Delivery Model™, TCS works around-the-clock with more than 1,000 companies in 55 countries to deliver a collaborative, best-in-class framework of people, processes and infrastructure to consistently ensure success of customers' initiatives anytime and anywhere.
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