Artificial intelligence and data are currently key differentiators for businesses and the evolution of technology consumption reflects prevailing trends in the economy, Tata Group Chairman N Chandrasekaran said in the TCS annual report released Wednesday.
He said the past two years have been a time of intense action and reflection with a global pandemic, geopolitical tensions, supply chain disruptions, the rise of cryptocurrency and many other upheavals. public and private.
“Artificial intelligence and data are key differentiators for businesses today. TCS helps its clients stay ahead by investing in research and innovation, leveraging the intellectual capital within the organization,” said Chandrasekaran.
Read also :
He said recent events have accelerated digital adoption, shed light on supply chain resilience and added urgency to the sustainability imperative.
“Each of them represents an opportunity that can help grow not just your business, but the ecosystem as a whole,” Chandrasekaran said.
He said the TCS has shown remarkable resilience and adaptability, emerging stronger than ever, after catastrophic events like the global financial crisis or the pandemic.
In 2021-2022, TCS passed the $25 billion revenue milestone, recording strong growth of 15.9%, adding an unprecedented additional revenue of $3.5 billion.
“Even more satisfying, this growth was accompanied by an operating margin of 25.3%, the best in the sector. Since the start of the last decade, the company has more than quadrupled, comfortably outperforming its biggest global competitors,” Chandrasekaran said.
First post: STI