The recent surge in TCS shares was triggered by better than expected earnings reported on Thursday after 13 quarters of under-performance. Graphic: Prajakta Patil/MintMumbai: Tata Consultancy Services Ltd (TCS), nation’s largest information technology (IT) services firm, on Monday crossed the $100-billion market capitalization milestone. TCS has also overtaken outsourcing and consultancy giant Accenture Plc which has a market cap of $98.20 billion. INTL Business Machines Corp. (IBM) has market cap of $133.48 billion, but it has both hardware and technology services operations. According to Bloomberg data, currently there are 96 companies which have market cap of over $100 billion.

Source: Mint April 23, 2018 04:45 UTC