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Tata Consultancy Services Ltd.
BSE: 532540 | NSE: TCS
Large Cap | IT - Software
3169.30
-15.85 (-0.50%) TCS’ R&D spending increases over 17% to Rs 15 billion in FY18
Date: 28-05-2018Tata Consultancy Services (TCS) has increased its spending on research and development (R&D) and innovation initiatives by over 17 percent to Rs 15 billion in 2017-18, compared to the previous year. The company’s total R&D and innovation expenditures stood at Rs 12.78 billion in 2016-17.
TCS is an IT services, consulting and business solutions provider that has been partnering with the world’s largest businesses in their transformation journeys for the last fifty years.