TCS Beats IBM to Become Second Most Valuable IT Firm Globally

New Delhi, January 28, 2022.

Tata Consultancy Services (TCS) has become the second most valuable brand in the IT services sector globally, while four other Indian tech majors have firmly established their position among the top 25 IT services brands tally, according to Brand Finance.

Accenture retained the title of world’s most valuable and strongest IT services brand, boasting record brand value of USD 36.2 billion, as per the report. The report said as IBM has gone down to fourth rank, TCS has risen up to second spot in ranking, following 12 per cent growth year-on-year and 24 per cent since 2020, to a brand value of USD 16.8 billion.

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