TCS first offshore player in US top 10
The Financial Express — November 27, 2006

IDC has ranked Tata Consultancy Services (TCS) eighth in market share among US Application Management Services (AMS) vendors. TCS is the first offshore vendor to be in the top 10 list in the US The IDC report, "Worldwide and US Application Management Services Vendor Shares, 2005: The IDC Top 10 Vendors" evaluated the top vendors based on geographic region and discrete application management services revenue for 2005. IDC noted that TCS has been investing heavily in shifting the core of its business from development projects and maintenance contracts to high-value outsourcing, with the attendant operational responsibility of a customers IT environment.

The report forecasts that the worldwide AMS market will grow to $32.2 billion in 2010 for a 9.5% compound annual growth rate IDC has ranked Tata Consultancy Services (TCS) eight in market share among US Application Management Services (AMS) vendors. TCS is the first offshore vendor to be in the Top 10 list in the US The IDC report, "Worldwide and US Application Management Services Vendor Shares, 2005: The IDC Top 10 Vendors" evaluated the top vendors based on geographic region and discrete application management services revenue for 2005.

IDC noted that TCS has been investing heavily in shifting the core of its business from development projects and maintenance contracts to high-value outsourcing, with the attendant operational responsibility of a customers IT environment. The report fore- casts that the worldwide AMS market will grow to $32.2 billion in 2010 for a 9.5% compound annual growth rate.