After having successfully acquired and integrated W12 and BridgePoint Group in 2018, TCS continues to constantly watch the start-ups that have come up in the areas of blockchain and also observe the business models of firms working on financial services, future of cash and future of payments.
In 2013, TCS had acquired French SAP service provider, Alti SA, for 75 million euros. Ever since it has been concentrating on growing gradually.
The Indian multinational IT services and consulting firm is on the lookout for intellectual property that can help widen its market reach and accelerate growth.
Last year, many organisations in the IT sector were busy acquiring firms. Infosys acquired consumer insights company, WongDoody for $75 million. Wipro acquired Designit and Cooper in the IT sector. TCS itself had acquired a London-based digital design studio, W12 Studios to give a push to its digital and creative design capabilities. Not long after, it again acquired an American consulting firm, BridgePoint Group, and managed to integrate them both very well into its system.
TCS reported a 17.7 per cent increase in profits at Rs 8,162 crore and 18.5 per cent growth in March 2019 quarter revenues to Rs 38,010 crore! The Company clearly continues to remain optimistic about growth this financial year too. No doubt it is well positioned for the future.