Brand Finance puts TCS as fastest growing IT services brand

Tags: News
India's largest software services exporter Tata Consultancy Services (TCS) today said it has been judged as the fastest growing IT services brand globally by Brand Finance, beating tech giants like IBM and Hewlett-Packard.

Brand Finance is a leading brand valuation firm, which assesses the dollar value of the reputation, image and intellectual property of the world's leading companies.

"The annual report ranks TCS as the fastest growing brand within the IT services sector, with the company's overall brand value increasing by USD 3.04 billion in 2013, a growth rate of 58 per cent year-on-year," TCS said in a statement.

It represents a quadrupling of its brand value, which stood at USD 2.3 billion four years ago in 2010, TCS added.

The firm has put the brand value of TCS at USD 8.2 billion this year compared to USD 5.2 billion last year.

TCS' total brand value now stands at USD 8.2 billion, ranking it among the industry's top four brands for the second consecutive year.

Brand Finance has also awarded the TCS brand a rating of AA+, the top rating in the industry, the Mumbai-headquartered firm said.

The valuation firm has pegged the brand value of US-based software maker IBM at USD 41.5 billion in 2014, a growth of 10 per cent compared to last year.

Brand value of US-headquartered Hewlett-Packard in 2014 has been put at USD 19.8 billion, representing a growth of 23 per cent from 2013.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Jayalalithaa’s indictment proves that powerful politicians are not above law

    A cat has nine lives, says a traditional proverb. And what about Jayalalithaa Jayaraman?

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

The true value of organisational vision

Albert Camus famously wrote: ‘Life is the sum of all ...

Kuruvilla Pandikattu SJ

Is virtual empathy becoming a reality?

Are we sophisticated machines? Can artificial intelligence overtake our natural ...

Gautam Gupta

French fashion icon Gaultier’s pret goodbye

With Gaultier gone, the world of international prêt will never ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture