TCS becomes the world’s most valued IT Company, overtakes Accenture
India’s biggest IT services major Tata Consultancy Services (TCS) on Monday again became the most valued company in its sector globally, overtaking Accenture.
In the process, it also became India’s most valuable company, overtaking Reliance Industries after 11 months.
TCS’s market capitalization crossed $169.9 billion inches ahead of rival Accenture. TCS had also zoomed past Accenture to become the most valuable IT services company in the world in October last year.
According to News18, earlier in 2018, IBM was at the top of the market with 300% more revenue than TCS, followed by Accenture in second place.
However, in April that year, TCS touched the $100 billion valuation mark and overtook Accenture’s market cap.