TCS Displaces Accenture As Largest IT Firm Servicing Banks

Tata Consultancy Services (TCS) Ltd’s quarterly earnings from the financial sector have edged past that of Accenture Plc, which is nearly double its size, making company the world’s largest pure-play information technology (IT) and consulting firm servicing megabanks and insurers. 
During the July-September period, TCS got $2.07 billion in business from banking, financial services and insurance, or the BFSI sector. This included $1.63 billion from work across application development and maintenance, and other traditional solution offerings, besides $445.9 million from its proprietary platforms such as TCS iON. 
Source- The Livemint

Static/Current Takeaways From Above News For IBPS PO Mains Exam 2018:
  • N. Chandrasekaran is the present Chairman of TCS. 

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