TCS Revenues Grew 20% in Latin America

TCS Revenues Grew 20% in Latin America

TCS Revenues Grew 20% in Latin America: A prominent place was reached by Latin America in the global performance of the Indian technology services and consulting company Tata Consultancy Services (TCS). This was reflected in the results of the third fiscal quarter (October-December 2020) released by the company and in which the region reported an annualized growth of 20% to the last month of last year.

The operation in Latin America also exhibited a 13.3% increase when comparing the third fiscal quarter with the immediately previous quarter (July-September 2020). Thus, Latin America together with the Middle East and Africa achieved the highest growth rates for TCS in emerging markets.

TCS Revenues Grew 20% in Latin America

For TCS CEO, N Chandrasekaran “all our segments have shown growth in a traditionally weak quarter, furthermore, accentuated by the impact of the floods in Chennai. Our international business has grown intelligently with North America and Europe leading the way among large markets and Latin America among emerging markets ”.

For his part, the CEO of TCS for Latin America, Henry Manzano, stated that “the consolidation of our company in this region is a consequence of the high quality of our services and the capacity we have had to adapt to the needs of our clients in a particular context for each country ”.

To achieve this growth in Latin America, TCS implemented strategies and services in key companies. One of these had to do with the implementation of complete services in the field of Information Technology (IT) and business for one of the leading banks in the region.

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Another of the leading banks in Latin America chose TCS to completely transform its data center footprint, allowing the normalization of operations and aligning its growth strategy.

“We will continue to seek new and innovative ways to deliver solutions to clients in Latin America,” adds Henry Manzano.

International growth

During the third quarter, all TCS segments showed strong annual growth. However, Life and Health Sciences (21.1%), Manufacturing (8.1%), and High Technology (10.4%) were the most prominent.

In the large markets, Europe accumulated an annual growth of 9.2% and quarterly growth of 2.3%. For its part, North America grew 9.7% in 2020, and in the last quarter of the year, it had an increase of 1.4%. Both regions excelled at implementing applications for sales, human resources, finance, and operations. One of the most important projects in Europe was related to a large airline, a company that requested TCS to transform its infrastructure to standardize and improve end-user services, as well as operations across multiple lines of business. Stay tuned to TCS Webmail for more updated news on TCS Company.

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