Tata Consultancy Services, a leading global IT services, consulting and business solutions firm, announced its ranking as the 58th most valuable US brand in an annual survey by a top brand valuation company.
The Brand Finance study ‘Top 500 US Brands’ evaluates the financial value of a company’s brand name, intellectual assets and trademark as compared to companies across industries.
TCS is one of only four global IT Services companies recognised as a Top 100 Brand in the US, and is the sector’s most powerful brand with a score of 78.3 points, earning it an AA+ rating.
Moreover, TCS’ brand value grew 286 per cent from USD 2.3 billion in 2010 to USD 9.04 billion in 2016, marking the fastest growth across the IT Services industry during this period.
“TCS’ customer focus has been central to its recent success, but a closer look at our data shows strong and improving scores for brand investment and staff satisfaction, too,” said David Haigh, CEO of Brand Finance.
“It has emerged as a dominant force in the IT services industry and is the strongest brand in the sector. Its brand power is indisputable. This ranking truly reflects the extent to which TCS is deeply rooted in the US community, focused on the impact we can have for our customers and society at large,” said Surya Kant, President of North America, UK and Europe of TCS.