At the latest closing price of Rs 2,825, TCS was valued at $ 144.73 billion (Rs 10.6 trillion), while Accenture is currently at $ 142.4 billion.
Topics
TCS | Accenture | IT services
Samie Modak |
Last Updated on October 8, 2020 5:56 PM IST
The Tata group’s flagship firm, Tata Consultancy Services (TCS), became the world’s most valuable information technology (IT) company on Thursday, surpassing rival Accenture for the first time. At the latest closing price of Rs 2,825, TCS was valued at $ 144.73 billion (Rs 10.6 trillion). Accenture is currently valued at $ 142.4 billion, while IBM’s market capitalization is $ 110.5 billion.
TCS now has a much richer valuation with a price-to-earnings (P / E) ratio of 34x compared to Accenture’s 29x. IBM trades at a P / E of less than 14 times. In the past fortnight, the Mumbai-based …
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First Post: Thursday, October 8, 2020 5:34 PM IST
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