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Tata Consultancy Services Ltd - Stock Quote TCS

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Morningstar's Tata Consultancy Services Ltd Stock Analysis

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We Think Tata Consultancy Services Is the Moatiest of India's IT Services Firms

Julie Bhusal Sharma Equity Analyst

Business Strategy and Outlook

| Julie Bhusal Sharma |

Tata Consultancy Services is a leading global IT services provider, providing the typical menu of offerings--from software implementation to digital transformation consulting to servicing entire business operations teams. Unlike most of its peers, which earn a narrow moat, in our view, we think Tata merits a wide economic moat, as we believe the company benefits from switching costs and intangible assets, similar to other peers in the industry, as well as cost advantage. While the company is undergoing headwinds like an industrywide labor shortage, we think that the company’s stable moat trend will stay secure. Meanwhile, forays into the higher-value realm of industrials engineering will help ensure Tata is an above-average beneficiary of substantial growth trends within the IT services industry at large.

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Tata Consultancy Services Ltd's Company Profile

Business Description

Tata Consultancy Services is a leading global IT services provider, with nearly 450,000 employees. Based in Mumbai, the India IT services firm leverages its offshore outsourcing model to derive half of its revenue from North America. The company offers traditional IT services offerings: consulting, managed services, and cloud infrastructure services as well as business process outsourcing as a service, or BPaaS.

Raveline Street, TCS House
Mumbai, MH, 400001, India
T +91 2267789999
Sector Technology
Industry Information Technology Services
Most Recent Earnings Mar 31, 2022
Fiscal Year End Mar 31, 2023
Stock Type
Employees 592,195