Good morning :)
Place Order
Add to Watchlist

Tata Consultancy Services Ltd

TCS

Tata Consultancy Services Ltd

TCS
Information TechnologyIT Services & Consulting
LargecapWith a market cap of ₹15,72,475 cr, stock is ranked 2
Low RiskStock is 1.55x as volatile as Nifty
4,346.153.54% (-159.50)
4,346.153.54% (-159.50)

Price Chart

High
Low
Returns
1D
1W
1M
1Y
5Y
Max
SIP
Loading...
1D
1W
1M
1Y
5Y
Max
SIP
Information TechnologyIT Services & Consulting
LargecapWith a market cap of ₹15,72,475 cr, stock is ranked 2
Low RiskStock is 1.55x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Information TechnologyIT Services & Consulting
LargecapWith a market cap of ₹15,72,475 cr, stock is ranked 2
Low RiskStock is 1.55x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
33.5517.221.68%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
35.629.401.62%

Forecast & Ratings

Detailed Forecast 
71%
Analysts have suggested that investors can buy this stock

from 38 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Tata Consultancy Services Limited (TCS) is engaged in providing information technology (IT) services, digital and business solutions.

Get more out of Tickertape, Go Pro!

Customise key metrics, see detailed forecasts, download stock data and more

Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 10.22%, vs industry avg of 11.59%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 32.03% to 31.32%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 7.84%, vs industry avg of 8.4%

Loading...

Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue1,11,730.001,22,187.001,26,746.001,50,774.001,61,541.001,67,311.001,95,772.002,28,907.002,45,315.002,48,112.00
Raw Materialssubtract0.0094.0086.0040.0018.0014.0029.0037.0042.001,79,123.00
Power & Fuel Costsubtract0.000.000.000.000.000.000.000.000.00
Employee Costsubtract55,348.0061,621.0066,396.0078,246.0085,952.0091,814.001,07,554.001,27,522.001,40,131.00
Selling & Administrative Expensessubtract15,589.0016,392.0016,808.0020,387.0020,527.0018,322.0023,187.0028,913.0024,151.00
Operating & Other expensessubtract7,032.007,548.007,298.008,284.008,343.008,699.007,927.009,727.0013,231.00
Depreciation/Amortizationsubtract1,888.001,987.002,014.002,056.003,529.004,065.004,604.005,022.004,985.004,962.00
Interest & Other Itemssubtract33.0032.0052.00198.00924.00637.00784.00779.00778.00788.00
Taxes & Other Itemssubtract7,570.008,224.008,266.0010,091.009,908.0011,330.0013,360.0014,760.0016,089.0016,365.00
EPS61.7766.7166.4883.0386.1987.04104.18115.19126.17129.55
DPS21.7523.5025.0030.0073.0038.0043.00115.0073.0073.00
Payout ratio0.350.350.380.360.850.440.411.000.580.56

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2015

Annual Report Unavailable

Investor Presentation

Dec 12PDF
FY 2016

Annual Report Unavailable

FY 2017

Annual Report Unavailable

FY 2018

Annual Report Unavailable

FY 2019

Annual Report Unavailable

FY 2020

Annual Report Unavailable

 

Peers & Comparison

Comparing 3 stocks from 
Information TechnologyIT Services & Consulting

Loading...

StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Tata Consultancy Services Ltd34.2517.221.68%
Infosys Ltd29.878.862.43%
HCL Technologies Ltd30.276.962.97%
Wipro Ltd25.463.770.19%

Price Comparison

Compare TCS with any stock or ETF
Compare TCS with any stock or ETF
TCS
Loading...

Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding71.77%4.25%6.81%12.36%4.82%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun12.72%12.51%12.47%12.47%12.70%12.36%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Tata Consultancy Services Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
SBI Blue Chip Fund - Growth - Direct Plan

Growth
0.1274%4.02%0.40%7/60 (0)
Axis Bluechip Fund - Growth - Direct Plan

Growth
0.1097%5.04%0.44%4/60 (+3)
Axis ELSS Tax Saver Fund - Growth - Direct Plan

Growth
0.1091%4.65%-1.10%3/94 (-1)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Tata Consultancy Services Ltd

Events

Dividend Trend

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 1.68%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹16.80 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJul 19, 2024

Interim
Interim | Div/Share: ₹10.00

Dividend/Share

10.00

Ex DateEx Date

Jul 19, 2024

Cash Dividend

Ex DateEx DateMay 16, 2024

Final
Final | Div/Share: ₹28.00

Dividend/Share

28.00

Ex DateEx Date

May 16, 2024

Cash Dividend

Ex DateEx DateJan 19, 2024

Special
Special | Div/Share: ₹18.00

Dividend/Share

18.00

Ex DateEx Date

Jan 19, 2024

Cash Dividend

Ex DateEx DateJan 19, 2024

Interim 3
Interim 3 | Div/Share: ₹9.00

Dividend/Share

9.00

Ex DateEx Date

Jan 19, 2024

Cash Dividend

Ex DateEx DateOct 19, 2023

Interim 2
Interim 2 | Div/Share: ₹9.00

Dividend/Share

9.00

Ex DateEx Date

Oct 19, 2023

News & Opinions
Spotlight
TCS inks 2-year partnership deal with McDonald's Philippines

'The two-year partnership is TCS' first engagement with McDonald's in the Asia-Pacific region, stated TCS in an exchange filing. TCS will implement an advanced upgrade of McDonald's current systems in the Philippines to the cloud. By harnessing its deep industry expertise and contextual knowledge in SAP-led business systems transformation, TCS will upgrade the IT infrastructure of GADC, resulting in better insights, improved decision-making, and optimized operational performance. GADC has grown significantly in the Philippines over the last few years, anchored on its commitment to digital transformation, including standardization of the IT landscape across all its restaurants nationwide. TCS will also integrate other SAP capabilities to ensure comprehensive data management and automation solutions tailored to GADC's needs. These integrations will significantly enhance the fast-food chain's proficiency in financial management, materials management, enterprise asset management, project management, sales and distribution, user interface, and master data management. This strategic partnership highlights TCS' growing presence in the Philippines, where it has been operational since 2008. With over 5,000 employees in the Philippines, TCS supports customers across diverse sectors in the region including, telecom, banking and finance, real estate, and airlines, driving their growth and transformation. TCS has also been recognised as a Top Employer in the Philippines from 2017 to 2024. Shiju Varghese, country head of TCS Philippines, said, 'We are pleased to partner with GADC on this significant engagement that marks an important step for TCS Philippines as we expand our presence in the region's fast-food industry. By leveraging the advanced capabilities of SAP S/4HANA and the innovative potential of SAP BTP, we aim to enhance McDonald's operational efficiency and customer experience, for business innovation and excellence.' TCS is an IT services, consulting and business solutions organization. It offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. The IT major's consolidated net profit declined 3.17% to Rs 12,040 crore in Q1 FY25 as against Rs 12,434 crore reported in Q4 FY24. However, revenue from operations grew by 2.25% quarter on quarter (QoQ) to Rs 62,613 crore in Q1 FY25. Shares of TCS ended 3.49% lower at Rs 4,346.60 on the BSE. Powered by Capital Market - Live

15 hours agoCapital Market - Live
Corporate
TCS signs two-year partnership with GADC

Tata Consultancy Services has signed a two-year partnership with George Yang-led Golden Arches Development Corporation (GADC), the master franchise holder of McDonald's in the Philippines. This partnership, which is TCS' first with the fast-food chain in the APAC region, aims to standardize and digitize the IT operations for 760+ McDonald's restaurants in the Philippines. TCS will implement an advanced upgrade of McDonald's current systems in the Philippines to the cloud (SAP S/4HANA on RISE). By harnessing its deep industry expertise and contextual knowledge in SAP-led business systems transformation, TCS will upgrade the IT infrastructure of GADC, resulting in better insights, improved decision-making, and optimized operational performance. McDonald's is one of the world's largest foodservice retailers with over 42,000 locations in over 100 countries as of end 2023. Approximately 95% of McDonald's restaurants worldwide are owned and operated by independent local business owners. GADC has grown significantly in the Philippines over the last few years, anchored on its commitment to digital transformation, including standardization of the IT landscape across all its restaurants nationwide. TCS will also integrate other SAP capabilities to ensure comprehensive data management and automation solutions tailored to GADC's needs. These integrations will significantly enhance the fast-food chain's proficiency in financial management, materials management, enterprise asset management, project management, sales and distribution, user interface, and master data management.Powered by Capital Market - Live

18 hours agoCapital Market - Live
Spotlight
TCS rises on entering strategic partnership with Mansfield Building Society, UK

TCS will deploy its digital banking solution, TCS BaNCS for core banking, along with its digital home lending solution, to enhance member and intermediary experiences and support Mansfield's ambitious growth plans. TCS BaNCS for core banking will accelerate the building society's digital transformation, providing a truly enriched digital experience for members. TCS digital home lending solution will streamline the mortgage value chain, from application to completion and beyond, ensuring Mansfield Building Society remains customer-centric, operationally resilient, future-ready, and compliant. This transformation will see TCS migrating the Building Society's digital banking solutions to the cloud and integrating with best-in-class ecosystem partners to enhance accessibility and efficiency across digital and intermediary channels. Members will benefit from a seamless experience leveraged through TCS' digital technologies, data-enhanced decision making, and innovative product design, stated in the regulatory filling. TCS' solutions will help Mansfield Building Society accelerate the growth of its mortgage and savings customer base by providing a scalable solution that creates efficiency whilst supporting expansion into niche market segments that the society has identified for growth. This tech-enabled solution will also make it easier for both customers and mortgage intermediaries to deal with the building society. Iain Lister, IT executive, at The Mansfield, said 'We pride ourselves on our excellent service and personal approach and, therefore, finding a partner that can support our physical branch operation and provide a state-of-the-art digital experience is critical in ensuring that we meet the needs of all our members now, and in future. After a strenuous selection process, it was clear that there was only one solution which met all our requirements, especially when you consider TCS' experience of delivering successful transformation programs, their ethical approach to business, and their relationship with existing clients which dovetails well with our mutual ethos and core values.' Amit Kapur, head of UK & Ireland, TCS said, 'We are happy that the Mansfield Building Society has selected us for this transformative program. TCS BaNCSTM and TCS Digital Home Lending will provide Mansfield Building Society with a best-in-class and modern banking solution that will help them meet their members' growing expectations in the online savings and mortgage lending space, while retaining their personal approach which is centered around the customer. This partnership strengthens our presence in the building societies sector which is reinforced by our strong track record of providing transformative solutions to the credit union and other organisations across the UK.' TCS is an IT services, consulting and business solutions organization. It offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. The IT major's consolidated net profit declined 3.17% to Rs 12,040 crore in Q1 FY25 as against Rs 12,434 crore reported in Q4 FY24. However, revenue from operations grew by 2.25% quarter on quarter (QoQ) to Rs 62,613 crore in Q1 FY25.Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
TCS forges strategic partnership with Mansfield Building Society, UK

Tata Consultancy Services has entered into a strategic partnership with Mansfield Building Society in the UK to digitally transform its business. TCS will deploy its state-of-the-art digital banking solution, TCS BaNCS for Core Banking, along with its Digital Home Lending Solution, to enhance member and intermediary experiences and support Mansfield's ambitious growth plans. For over 200 years, UK building societies have operated as community-led financial institutions, serving over 26 million people with savings and mortgage offerings. Established in 1870, Mansfield Building Society has a steadfast member-centric philosophy. TCS BaNCS for Core Banking will accelerate the Building Society's digital transformation, providing a truly enriched digital experience for members. TCS Digital Home Lending Solution will streamline the mortgage value chain, from application to completion and beyond, ensuring Mansfield Building Society remains customer-centric, operationally resilient, future-ready, and compliant. This transformation will see TCS migrating the Building Society's digital banking solutions to the cloud and integrating with best-in-class ecosystem partners to enhance accessibility and efficiency across digital and intermediary channels. Members will benefit from a seamless experience leveraged through TCS' digital technologies, data-enhanced decision making, and innovative product design. Powered by Capital Market - Live

1 week agoCapital Market - Live
Live Market Update
Indices pare losses; European mkt advance

The key equity indices reversed all early losses and traded with minor gains in afternoon trade. The Nifty traded above the 25,250 mark. Consumer durables, pharma and FMCG shares advanced while media, PSU bank and metal stocks declined. At 13:30 IST, the barometer index, the S&P BSE Sensex added 26.52 points or 0.03% to 82,583.95. The Nifty 50 index rose 5.50 points or 0.02% to 25,284.20. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.24% and the S&P BSE Small-Cap index gained 0.69%. The market breadth was positive. On the BSE, 2,081 shares rose and 1,798 shares fell. A total of 110 shares were unchanged. Gainers & Losers: Nestle India (up 1.65%), Hero MotoCorp (up 1.37%), Wipro (up 0.90%), Hindustan Unilever (up 0.82%) and Tata Consumer Products (up 0.80%) were major Nifty gainers. Bajaj Finance (down 1.98%), Hindalco Industries (down 0.64%), Bajaj Auto (down 0.57%), Axis Bank (down 0.50%), JSW Steel (down 0.50%) were major Nifty losers. Stocks in Spotlight: Tata Consultancy Services (TCS) rose 0.51%. The company announced that it has expanded its partnership with Google Cloud to offer two new cybersecurity solutions for customers. Hindustan Aeronautics (HAL) rallied 3.34% after the Cabinet Committee on Security (CCS) approved the proposal for procurement of 240 aero-engines for Su-30 MKI aircraft of the Indian Air Force (IAF) at a cost of over Rs 26,000 crore. Kaynes Technology India advanced 3.13% after the company informed that the Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the proposal of Kaynes Semicon to setup a semiconductor unit in Sanand, Gujarat. KPI Green Energy rose 1.08% after the company said that its wholly owned subsidiary Sun Drops Energia has received letters of intent for executing solar power projects with a cumulative capacity of 7 MW under the 'Captive Power Producer (CPP)' business segment of the company. Matrimony.com soared 11.80% after the company informed that its board will meet on 5 September 2024, to consider and approve, the proposal for buy back of fully paid up equity shares of the company. Global Markets: European market advanced while most Asian stocks traded lower on Tuesday. South Korea's headline inflation eased to 2% in August from 2.6% in July, its lowest level on a year-on-year basis since March 2021. Traders in Asia will be keeping a close eye on fresh signs of economic troubles in China. Data on Saturday showed Chinese factory activity had contracted for a fourth straight month in August, the latest signal that the world's second-largest economy may struggle to meet this year's growth target. Wall Street will reopen later Tuesday, following the Labor Day public holiday. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
TCS expands partnership with Google Cloud to launch AI-powered cybersecurity solutions

TCS joined hands with Google Cloud to offer two solutions'TCS Managed Detection and Response solution and TCS Secure Cloud Foundation solution These solutions will enhance threat detection and response capabilities of businesses, even in non-cloud environments and will help TCS customers create forward-looking and secure businesses, said the company. This partnership aims to strengthen cyber resilience for enterprises across industries and empower them with domain-focused innovation with cuttingedge technologies from TCS and Google Cloud. The TCS managed detection and response (MDR) solution, powered by Google Security Operations platform, will enable security teams to reduce the time required to detect, and respond to threats. It combines the hyperscaler's advanced threat detection capabilities with TCS' contextual knowledge to enable continuous security monitoring and round-the-clock response. The TCS Secure Cloud Foundation leverages capabilities from Google Cloud's security solutions to strengthen cloud security posture and governance across single, multi, and hybrid cloud environments by embedding security and compliance guardrails throughout the DevSecOps lifecycle. Leveraging AI, machine learning, and automation, the solution continuously monitors risks, identifies deviations, and recommends remedial actions. TCS has already deployed both solutions successfully for several of its clients. For example, the Secure Cloud Foundation solution has assisted a global bank headquartered in Germany in automating, identifying, and deploying over 800 build-time and runtime security policies, ensuring adherence to regulatory compliance requirements, the company stated in the press release. In a partnership spanning a decade, TCS and Google Cloud have helped global enterprises transform their businesses with the power of cloud. This new phase of the partnership will focus on leveraging Google Cloud's AI-powered security portfolio across threat intelligence, security operations and cloud security. TCS and Google Cloud will help clients secure their cloud transformation journeys by offering tailored solutions at a global scale, along with local expertise to adhere to regulatory compliance. Peter Bailey, vice president and general manager of security operations, Google Cloud, said, 'TCS and Google Cloud have partnered for many years to help customers harness the power of the cloud and AI to grow and transform their business. The integration of Google Security Operations into TCS MDR and Secure Cloud Foundation solutions is a natural evolution of this partnership; enabling TCS and their customers to leverage Google SecOps planet-level scalability, searchability, integrated and AI-assisted investigation and response workflows, and applied Mandiant Threat Intelligence. Together, we can help customer organizations dramatically improve their security posture and ability to respond to threats in real time.' TCS is an IT services, consulting and business solutions organization. It offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. The IT major's consolidated net profit declined 3.17% to Rs 12,040 crore in Q1 FY25 as against Rs 12,434 crore reported in Q4 FY24. However, revenue from operations grew by 2.25% quarter on quarter (QoQ) to Rs 62,613 crore in Q1 FY25. Shares of Tata Consultancy Services shed 0.10% to Rs 4,516.40 on the BSE. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
TCS expands partnership with Google Cloud

Tata Consultancy Services has expanded its partnership with Google Cloud to offer two new cybersecurity solutions for customers. This partnership aims to strengthen cyber resilience for enterprises across industries and empower them with domain-focused innovation with cutting edge technologies from TCS and Google Cloud. The TCS Managed Detection and Response (MDR) solution, powered by Google Security Operations platform, will enable security teams to reduce the time required to detect, and respond to threats. It combines the hyperscaler's advanced threat detection capabilities with TCS' contextual knowledge to enable continuous security monitoring and round-the-clock response. The TCS Secure Cloud Foundation leverages capabilities from Google Cloud's security solutions to strengthen cloud security posture and governance across single, multi, and hybrid cloud environments by embedding security and compliance guardrails throughout the DevSecOps lifecycle. Leveraging AI, machine learning, and automation, the solution continuously monitors risks, identifies deviations, and recommends remedial actions. TCS has already deployed both solutions successfully for several of its clients. For example, the Secure Cloud Foundation solution has assisted a global bank headquartered in Germany in automating, identifying, and deploying over 800 build-time and runtime security policies, ensuring adherence to regulatory compliance requirements.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
TCS extends partnership with fashion retailer, Primark for next 5 years

Primark, a leading international fashion retailer operates across 17 countries in Europe and the US. The IT major has been working with Primark since 2016, establishing itself as a trusted partner to the retailer. As well as driving business-critical integration programmes and stabilising core platforms for the retailer, the company has also improved cybersecurity capabilities, improving stability and reliability of processes and systems. Under the expanded partnership, the company will help transform Primark's technology operating environment to make it more resilient, reliable, and efficient. By supporting Primark's transformation journey, the IT firm will help reduce time-to-market for the retailer, aligning with its strategies for future growth. The company will help Primark to adopt a more agile and product-based operating model by enabling automation through intelligent automation and DevOps technologies. This new operating model will integrate and optimise application development, testing and maintenance processes. Andrew Brothers, chief information officer, Primark, said, To help support our ambitious growth plans we're expanding our partnership with TCS to build a robust, resilient, and reliable IT operating environment to become a more efficient, technology-led global organization with the agility to quickly adapt to changing demands and requirements in a fast-paced industry. Working with TCS will provide us with the ongoing operational stability and accountability needed to support our business to scale. This will allow us to respond to market trends and customer preferences in a timely manner, ensuring that we continue to deliver quality products at the best value for our customers. Shekar Krishnan, vice president & head of retail ' UK and Europe, TCS, said, 'The fashion industry is continually modernising its entire value chain from conceptualisation, to design, to production and retailing with innovation-led initiatives to achieve environmental, social, and governance goals. We're thrilled to support Primark's mission to offer affordable fashion for everyone and its global vision for growth.' TCS is an IT services, consulting and business solutions organization. It offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. The IT major's consolidated net profit declined 3.17% to Rs 12,040 crore in Q1 FY25 as against Rs 12,434 crore reported in Q4 FY24. However, revenue from operations grew by 2.25% quarter on quarter (QoQ) to Rs 62,613 crore in Q1 FY25. The scrip rose 0.36% to Rs 4,522.90 on the BSE.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
TCS extends its partnership with international fashion retailer - Primark

Tata Consultancy Services has extended its partnership with Primark, a leading international fashion retailer across 17 countries in Europe and the US. Over the next five years, TCS will help transform Primark's technology operations to support the retailer's ambitious plans for global growth. TCS has been working with Primark since 2016, establishing itself as a trusted partner to the retailer. As well as driving business-critical integration programmes and stabilising core platforms for the retailer, TCS has also improved cybersecurity capabilities, improving stability and reliability of processes and systems. As part of this expanded partnership, TCS will help transform Primark's technology operating environment to make it more resilient, reliable, and efficient. By supporting Primark's transformation journey, TCS will help reduce time-to-market for the retailer, aligning with its strategies for future growth. TCS will help Primark adopt a more agile and product-based operating model by enabling automation through intelligent automation and DevOps technologies. This new operating model will integrate and optimise application development, testing and maintenance processes. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Tata Consultancy Services launches TCS Pace Studio in Manila, Philippines

Tata Consultancy Services has launched a state-of-the-art TCS Pace Studio in Manila, Philippines. This cutting-edge facility is designed for TCS to co-innovate with customers to develop tailored solutions for their unique business needs, boosting digital innovation in the Asia Pacific region. Located within TCS' expansive Panorama Tower office, TCS Pace Studio will showcase TCS' innovative platforms like TCS AI WisdomNext, TCS TwinX, and TCS Zero Carbon Platform, leveraging emerging technologies like artificial intelligence, cloud computing, cybersecurity, and data analytics. TCS Pace Studio in Manila, the fifth of its kind globally, is part of an extensive innovation ecosystem of TCS Pace spanning major global cities. TCS Pace network also comprises four other Pace Studios situated in Riyadh, Sydney, Letterkenny, and Stockholm, alongside seven Pace Ports located in Tokyo, Amsterdam, New York, Pittsburgh, Toronto, London, and Paris. TCS Pace Studios serve growth markets by fostering dynamic innovation ecosystems. The innovation hubs in the TCS Pace network combine TCS' unique methodologies and frameworks, research, intellectual property, along with a curated ecosystem of partners through its Co-Innovation Network (COIN') to provide collective intelligence that enterprises can tap into. These hubs enable customers to develop and launch innovative digital products and solutions, at speed and scale. Powered by Capital Market - Live

3 weeks agoCapital Market - Live