TCS surpasses Accenture to become most-valuable IT services firm globally

Tata group flagship firm Tata Consultancy Services (TCS) on Thursday became the most-valuable information technology (IT) company globally, surpassing rival Accenture for the first time. At the last 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 cap is $110.5 billion. The tables have turned since 2018, when IBM was in first place, Accenture second and TCS third.