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Q3 (UPPCS/2022) Economy › Economy Current Affairs

With reference to valuable I.T. Brands, which of the following statements is/are correct ?
1. ‘Accenture’ is the most valuable Worldwide I.T. Brand in 2022.
2. T.C.S. is No. 2 in global I.T. Services Brands in 2022.
Select the correct answer from the code given below :
Code :

Result
Your answer: —  Â·  Correct: A

Explanation

According to the Brand Finance IT Services 25 2022 report, both statements are correct:

  • Statement 1 is correct: Accenture retained its title as the world's most valuable and strongest IT services brand for the fourth consecutive year, with a record brand value of US$36.2 billion.
  • Statement 2 is correct: Tata Consultancy Services (TCS) rose to the 2nd spot globally for the first time, overtaking IBM. Its brand value grew by 12% to reach US$16.8 billion, propelled by strong business performance and global partnerships.

Infosys followed at the 3rd position, making it the first time two Indian brands featured in the global top three. IBM dropped to the 4th position following the divestment of Kyndryl.

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