Tata Consultancy Services bagged a large outsorcing contract for IT & Operations worth $1.2 billion from the Nielsen Company, the world’s leading provider of consumer and media information services. This is a 10-year agreement.
This is a first $ 1+ billion contract for an Indian IT services major; naturally it is an exciting moment and a turning point for the maturing Indian software services industry. The order coming from a Dutch major with global footprint, that too in the information services industry, is a shot in the arm for TCS and the Indian IT services industry.
In the past, doubts were expressed about the growth of Indian IT services industry beyond their billion dollar mark; analysts wrote that large outsourcing contracts ($ 1 billion and above) would only go to IBM, Accenture, EDS, CapGemini and CSC; luckily, Indian IT services companie are able to break into that “elite league” showing signs of further groth.
I for one look to TCS, Infosys & Wipro (may be CTS, Satyam and HCL) crossing the $ 10 billion mark by 2010. Then, and only then, I would say that the Indian IT services industry has “arrived”; I am sure they will.
(Source: TCS Web-site Press Release of Oct 18, 2007)
