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Over the past two years, India’s top IT companies began to break out the contribution of digital services to their revenues. The numbers reflect their attempt to win business from their largest clients—banks, car makers, oil exploration companies, airlines, retail chains and so on—by tapping the power of digital.
Tata Consultancy Services (TCS) had quantified the digital services component of its overall revenue at 13.7 percent at the end of December 2015. Two years on, that has increased to 22.1 percent, TCS reported on January 11, when it released its third-quarter earnings results.
The proportions aren’t different at Wipro and Infosys. Wipro said the revenues earned from its digital services have grown from 17.9 percent of its overall revenues in April 2016 to over 25 percent at the end of December 2017. While Infosys hasn’t broken out its digital services contribution on a quarterly basis, about a fourth of the company’s revenues has new-age digital flavour, COO UB Pravin Rao said during the latest earnings results discussions on January 12.