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TCS targets $1 billion revenue from cloud computing services

TCS targets $1 billion revenue from cloud computing services
PTI
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First Published: Tue, Feb 15 2011. 07 07 PM IST
Updated: Tue, Feb 15 2011. 07 07 PM IST
New Delhi: IT major Tata Consultancy Services (TCS) on Tuesday commercially launched cloud computing services and said they could generate $1 billion in revenue over five years from the small and medium business segment.
Cloud computing helps users get access to hardware and software from companies like TCS on pay-per-use basis, without having to set up their own IT infrastructure.
“We have been running pilot of our cloud computing services since last one year. Today we announce to launch it commercially. These services have been built by SMBs for SMBs,” said TCS MD and CEO N Chandrasekaran.
“The contribution of SMB segment in our revenue is negligible but in next five years time we expect to garner $1 billion from this segment by help of these services,” he added.
TCS has observed that worldwide spending of SMBs on information and communication technology has been growing at three times the pace compared to large companies.
As per a TCS study, Indian SMBs spent $11.9 billion in 2010 on IT and it is expected to grow to $48.5 billion by 2015.
Chandrasekaran said TCS has designed these services based on the feedback of Indian SMBs.
TCS had been running pilots of cloud computing services for one year with 130 clients. These clients have now turned in to commercial cloud computing user of TCS.
TCS will provide everything to its customers right from the level of hardware, software and even network solution, which will include devices and services for enabling connectivity of its customers with cloud platform.
“Our customer will not have to invest any money separately for any hardware or software. We will provide end-to-end solution,” Chandrasekaran said.
The services will be offered on pay-per-use model.
Chandrsekaran said that the final price of offering will evolve period of time and will depend on the requirement of the client.
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First Published: Tue, Feb 15 2011. 07 07 PM IST