TCS Designated a Leader and 2012 Star Performer in Capital Markets Application Outsourcing by Everest Group Research

TCS Designated a Leader and 2012 Star Performer in Capital Markets Application
                    Outsourcing by Everest Group Research

Report Cites TCS' Core Banking Platform BaNCS and Enhanced Data Management
Tools as Key Leadership Characteristics

PR Newswire

MUMBAI, India, Jan. 28, 2013

MUMBAI, India, Jan. 28, 2013 /PRNewswire/ -- Tata Consultancy Services (TCS),
(BSE: 532540, NSE: TCS) a leading IT services, consulting and business
solutions organization, announced today that it has been designated as a
Leader and 2012 Star Performer in capital markets application outsourcing (AO)
by the Everest Group, an advisory and research firm on global services, in its
December 2012 report,Application Outsourcing (AO) in Capital Markets: PEAK
Provider Landscape – Need for Speed: Capturing the Capital Markets Momentum.
Among the attributes that earned TCS the prominent position are its strong
customer base, partnerships with capital markets technology vendors, extensive
portfolio of proprietary solutions for capital markets AO delivery and the
capital markets related modules of TCS BaNCS.

In this report, Everest Group analyzed the capabilities of twenty leading AO
service providers in the global markets sector. The providers were examined
through the lens of Everest Group's PEAK (Performance, Experience, Ability,
Knowledge) Matrix, a composite index of distinct metrics related to each
provider's capability and market success. Leaders exhibit top quartile
performance across market success (transaction activity) and capability
(scale, scope, domain investments, and delivery footprint). The Star Performer
designation is awarded to providers with the strongest forward movement over
time.

TCS' position as a Leader is a reflection of the strength of its universal
financial services platform BaNCS and other proprietary solutions, the
enhancements it has made to its suite of data management tools, including
those for data cleansing, data generation, data migration solutions and
data-masking, as well as its capital markets product implementation and market
infrastructure partnerships. Further attributes that contributed to TCS'
position as a leader include its continued growth in scale – over 20% in
capital markets AO revenue year on year – and breadth of areas served within
the capital markets domain, including depository, custody, reconciliation,
investment banking, risk and compliance, wealth management and clearing, among
others.

TCS earned the distinction of one of three Star Performers because it reported
30% revenue growth in capital markets AO revenue, won more than twenty  large
AO deals  (with Total Contract Value >$25 million), expanded its capital
markets AO practice significantly, and made continued investments in next-gen
technologies such as mobility, cloud analytics, and Big Data as well as
investments in an expanding proprietary suite of solutions and third-party
alliances.

"TCS strengthened its leadership position, driven by strong domain focus,
well-established scale, and positive market perception," said Jimit Arora,
Vice President, Everest Group. "TCS continued to build on its leadership
strengths with the largest scale amongst examined service providers, continued
investments in next-generation technologies, and addition of multiple clients
to its portfolio."

"We are honored to be recognized as a Star Performer and Leader in capital
markets AO by the Everest Group," saidSusheel Vasudevan, Vice President, Head
Banking & Financial Services (Europe, UK, Capital Markets), TCS. "TCS'
continued investments and increased domain footprint in the capital markets
space speak to the value and expertise we provide our capital markets
customers."

About Tata Consultancy Services Ltd (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions
organization that delivers real results to global business, ensuring a level
of certainty no other firm can match. TCS offers a consulting-led, integrated
portfolio of IT, BPO, infrastructure, engineering and assurance services. This
is delivered through its unique Global Network Delivery Model™, recognized as
the benchmark of excellence in software development. A part of the Tata Group,
India's largest industrial conglomerate, TCS has over 263,000 of the world's
best trained consultants in 44 countries. The Company generated consolidated
revenues of US $ 10.17 billion for year ended 31 March, 2012 and is listed on
the National Stock Exchange and Bombay Stock Exchange in India. For more
information, visit us at www.tcs.com.

Follow TCS on Twitter.
Subscribe to an RSS Feed of TCS Press Releases.

SOURCE Tata Consultancy Services

Website: http://www.tcs.com
Contact: Global, +91 22 6778 9999, pradipta.bagchi@tcs.com, or Europe / UK,
+32 22821927, abhinav.kumar@tcs.com, or India, +91 22 6778 9078,
h.ramachandra@tcs.com, or +91 22 6778 9081, shamala.p@tcs.com, or USA /
Canada, +1-646-313-4594, m.mccabe@tcs.com, or Asia Pacific, +65 9139 3668,
sean.davidson@tcs.com, or Australia and New Zealand, +61 (2) 8456 2800,
alex.goldrick@tcs.com
 
Press spacebar to pause and continue. Press esc to stop.