MUMBAI, India, Jan. 23, 2013 /PRNewswire/ -- Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading IT services, consulting, and business solutions organization, today announced that it has been positioned by Gartner, Inc. in the Leaders Quadrant in its report, Magic Quadrant for Oracle Application Management Service Providers, Worldwide, published on December 20, 2012.  

Gartner Magic Quadrant reports are a culmination of research in a specific market that provides a wide-angle view of the relative position of the market's competitors. Focusing on how well technology providers are executing against their stated vision, this Gartner Magic Quadrant report evaluated providers of Oracle application management services globally. The key criteria for this study focused on a number of factors including the ability to execute, e.g. overall viability, market responsiveness and track record, etc., as well as the completeness of vision, e.g. market understanding, marketing strategy, product strategy, etc.  

According to the report, "Buyers and providers recognize the need to support the day-to-day operation of Oracle environments, while extending their deals to include optimization and potentially transformation services."

"The world's leading companies understand the importance of IT as a critical driver of business growth, transformation and optimization," said Sridhar Bakshi, Vice President and Global Head, Oracle Practice, Tata Consultancy Services. "Our long standing partnership with Oracle and our designation as an Oracle Diamond level partner puts TCS in an elite class of Oracle implementation experts and adds depth, value and a sense of certainty to our offerings and solutions. At TCS, we help our customers meet their goals through our end-to-end offerings that include transformation, implementation and application management."

About the Magic Quadrant

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose

About Tata Consultancy Services Ltd (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India's largest industrial conglomerate, TCS has over 263,000 of the world's best-trained consultants in 42 countries. The company generated consolidated revenues of US $10.17 billion for year ended March 31, 2012 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.

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SOURCE Tata Consultancy Services