TCS adds 200 clients on its SME platform iON
After launching, TCS had said that it targets to add 1,000 clients by the end of 2011 and has been stressing that though the product line will not contribute significantly to the company’s topline to start with, its contributions will increase with time.
The country’s largest software exporter Tata Consultancy Services has added 200 customers in its cloud-based small business line so far, a top official has said.
“We have added 200 clients till now and the response is better than what we had initially projected,” the city-headquartered company’s Chief Financial Officer (CFO) S Mahalingam told reporters here late last evening.
Tata Group Chairman Ratan Tata had launched the product solutions line christened iON early last year, which uses cloud computing technology to deliver on-demand services to small and medium businesses, which are otherwise not serviced by a large company like TCS.
After launching, TCS had said that it targets to add 1,000 clients by the end of 2011 and has been stressing that though the product line will not contribute significantly to the company’s topline to start with, its contributions will increase with time.
It had said it expects revenues from the product to cross the USD 1 billion mark in five years.