TCS Banking on Cloud Computing for $1 Billion in Revenue

By Cindy Waxer February 15, 2011

Tata Consultancy Services (TCS) is banking on cloud computing as a possible source of $1 billion in revenue over the next five years.

India’s largest outsourcer, TCS plans to target small and medium-size businesses with a portfolio of hardware, networking, and office and business software on a pay-per-use basis. Essentially, this IT-as-a-service arrangement grants businesses of all sizes access to powerful storage and computing power without having to lay out huge capital expenditures on IT infrastructure.

Dubbed iON, a fully integrated information technology solution for Small and Medium Business (SMB), the package encompasses the entire spectrum of an SMB’s technology needs, which range from business solutions like HR, finance, inventory, sophisticated domain-based ERP solutions to basic applications like email, document management and website services. iON is pre-configured with hardware, network and software bundled together and backed by business, technical and consulting services.

“iON will enhance India’s global competitiveness by giving 35 million Indian SMBs access to world-class, simple-to-use and scalable technology tools. SMBs can use the power of iON to build their business advantage and compete on the global stage,” said N Chandrasekaran, chief executive officer and managing director, TCS, and chief architect, iON, in a statement.

“Our endeavor has been to ensure that the SMBs can grow smarter and faster by having the latest technology solutions along with the advantage of a pay-per-use business model that frees up capital to re-invest in their core business. Though premiered in India, iON’s cloud-based services and pay-as-you-use business model is also uniquely suited to SMBs in other developed and emerging markets,” Chandrasekaran added.

Offering solutions in the cloud has been a money-making business model for plenty of companies, in particular industry darling The San Francisco-based company is anticipating revenue of about $2 billion in fiscal 2012, which ends in January.

“After taking a decade to achieve our first billion dollar year in fiscal 2009, we believe that our strong growth this year will allow us to deliver approximately $2 billion in revenue in fiscal 2012, making the first cloud computing company to achieve that milestone,” said Marc Benioff, chairman and CEO, in a press release.

Edited by Janice McDuffee

TechZone360 Contributing Editor

Related Articles

Microsoft Band 2 vs. Apple Watch

By: Rob Enderle    10/7/2015

This week Microsoft launched the anticipated replacement for its first smartwatch-like offering and it is like night and day compared its first effort…

Read More

Microsoft Out-Pencils Apple, Adds Laptop

By: Doug Mohney    10/7/2015

If the stylus is the standard by which business tablets are now to be judged, Microsoft's Surface Pro 4 clearly one-upped Apple's iPad Pro and pencil.…

Read More

Microsoft Introduces the Surface Book, Newest Surface Pro and Lumia Models

By: Joe Rizzo    10/6/2015

Microsoft revamped their lineup at this morning's NYC demonstration, with a clear challenge to Apple. Here are the most notable additions to the Micro…

Read More

Parks Associates Study Sheds Light on SMD Viewing Habits

By: Kyle Piscioniere    10/6/2015

Recent Parks Associates research has determined that U.S households with a streaming media device (Roku, Apple TV, Chromecast, etc.) consume four more…

Read More

Dorsey Named Twitter CEO a Second Time

By: Christopher Mohr    10/6/2015

Twitter announced recently that Jack Dorsey, who had been serving as the company's interim CEO the past three months, will continue in the same role o…

Read More