TCS eyes USD one-bn revenue from cloud computing services

Written by: Pti
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Mumbai, Feb 15 (PTI) The country''s largest softwarecompany, TCS, today commercially launched its integrated ITservices for SMEs that use the cheaper cloud computingtechnology and said it expects a revenue of USD 1-billion fromthe segment in the next five-years.

Christened ''iON'', the package will enable the fledglingsmall-and-medium enterprises access world-class IT services atvirtually zero capital expenditure, keep them at pace with theever-changing technologies at no additional cost and make thebest of manpower available to clients, TCS'' Chief Executiveand Managing Director, N Chandrasekaran, told reporters here.

For the offering, which TCS claims is the first such byany vendor worldwide, customers will be charged on apay-per-use basis, he said, adding the company is targetingthe services at companies in the Rs 10-500-crore revenue perannum bracket.

IT companies, including TCS, have till now been targetinglarge corporations across the world and offering customsolutions.

"We have been a running a pilot of our cloud computingservices for one-year at 130 companies. Right now, thecontribution of SMBs in our total revenues is negligible butin next five-years we expect to garner USD 1-billion from thissegment with the help of these services," he said.

Speaking at the launch, TCS'' Chairman, Ratan Tata,conceded that IT companies have ignored the all powerful SMEswhich contribute over 45 per cent to the country''s GDP forlong and assured that his company''s solution will help suchunits implement IT in their working without much efforts.


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