Cloud computing showers TCS with big business

For Tata Consultancy Services (TCS), India’s biggest software exporter that competes with multinational rivals IBM and Accenture, the cloud has started raining business, and is set to account for nearly 10% of its new business together with product revenues over the next few years.

 
“In two-three quarters, we will hopefully put out our cloud revenues separately,” said N Chandrasekaran, chief executive officer of TCS. As part of its strategy to arrest linear, employee-led growth that requires hiring additional staff for handling new business, TCS plans to offer standardised solutions across the areas of insurance and banking to multiple customers using same resources.

“We should get 10% of the incremental revenues from cloud in one of the quarters next year, then we’ll start reporting the numbers separately,” he added.