Tata Consultancy Services Ltd

Tata Consultancy Services (TCS) partnered with Unilab to transform its legacy ERP system into a cloud-based platform powered by SAP S/4HANA on RISE. This upgrade strengthened Unilab's digital infrastructure, enhanced operational agility, and provided real-time business insights. TCS oversaw the entire implementation process'from strategy and design to data migration, testing, and change management'supporting Unilab's goal of scalable growth in the competitive healthcare industry. Unilab is one of the largest pharmaceutical companies in the Philippines, with a legacy spanning 80 years. It operates an extensive distribution network, managing thousands of trade customers. Unilab's manufacturing plants are situated in multiple locations, and its products are distributed across 18 nations across a wide market. This engagement will focus on helping Unilab preserve existing process expertise while harmonizing operations and integrating intelligent analytics. Sebastian Frederick Baquiran, president and CEO of Unilab, Inc, said, Unilab remains steadfast in its mission to deliver quality healthcare products and services with excellence and innovation. As we grow our product portfolio and reach new markets, this partnership with TCS, underpinned by SAP RISE and powered by AWS cloud, ensures we continue to future-proof our operations and create long-term value for all our stakeholders.' Seema Mehra, vice president & business head, ERU & LSHC - APAC, Middle East, and Africa, TCS, said, 'We are honored to support Unilab in this important initiative. With SAP S/4HANA at the core, Unilab is reinforcing its position as a digital-first enterprise. This transformation will help them accelerate innovation and continue to deliver high-quality medicines and healthcare services for the communities they serve.' Shiju Varghese, Country Head, TCS Philippines, said, 'Our collaboration with Unilab marks a significant milestone in advancing digital capabilities within the healthcare sector. With our extensive experience and industry insight, we are committed to delivering outcomes that support Unilab's strategic ambitions and contribute to improved healthcare access for the Filipino people.' TCS is a digital transformation and technology partner of choice for industry-leading organizations worldwide. The IT major reported a 4.38% jump in consolidated net profit to Rs 12,760 crore despite 1.62% decline in revenue from operations to Rs 63,437 crore in Q1 June 2025 over Q4 March 2025. The company's total contract value (TCV) dropped to $9.4 billion in Q1 June 2025, down 22.95% compared with $12.2 billion in Q4 March 2025. Additionally, the attrition rate was at 13.8% for the last twelve months (LTM), the highest in nearly two years. Shares of TCS shed 0.20% to Rs 3,090.60 on the BSE. Powered by Capital Market - Live

Tata Consultancy Services (TCS) has announced a partnership with Unilab, Inc., a leading pharmaceutical and healthcare company in the Philippines, to modernize its core business systems through a strategic cloud migration. This transformation will strengthen Unilab's digital infrastructure, enhance operational agility, and drive long-term business growth. As part of this collaboration, TCS will help Unilab transition from its legacy enterprise resource planning (ERP) system to a modern, cloud-based digital core. This shift will help Unilab unlock timely insights, simplify operations, and enable data-driven decision-making across business functions. This transformation will be delivered through SAP S/4HANA on RISE, providing Unilab with a scalable, intelligent enterprise platform. TCS will lead the end-to-end implementation, including strategy and design, project governance, system implementation, data migration, testing, and change management. Powered by Capital Market - Live

Tata Consultancy Services (TCS) has successfully enabled ICICI Lombard to achieve fully automated AWS multi-region Disaster Recovery (DR) switchover. This establishes ICICI Lombard as one of the first insurance companies in India to achieve fully automated multi-region resilience on the Amazon Web Services (AWS) Cloud. The innovative DR solution'designed to ensure business continuity in the face of unexpected disruptions' leverages automation-first, infrastructure-as-code approach. It leverages AWS-native technologies to enable intelligent, automated failover for key systems with minimal downtime or manual effort. With TCS as its growth partner, ICICI Lombard has been operating on AWS Cloud since 2021. To strengthen business continuity and achieve geographical redundancy, TCS helped the insurer establish a robust, scalable and fully automated DR setup. TCS brought on board its deep domain expertise in the insurance industry and used its contextual knowledge of ICICI Lombard's systems to deliver a best-in-class DR solution. The automation solution was built using highly performant data driven serverless architecture designed for large scale orchestration. This implementation not only improves operational resilience and reduces recovery time but also sets a new industry benchmark for automated disaster recovery in the BFSI sector. TCS has been ICICI Lombard's strategic IT partner since 2006 and has been managing their datacenter operations since 2013. TCS has been instrumental in seamlessly migrating all the ICICI Lombard applications to public cloud in 2021 and has since been supporting the ICICI Lombard cloud environment. It is now modernizing the insurer's systems - Project Orion - with TCS BaNCS' Insurance being deployed as part of the program. TCS is a leading player in the BFSI sector, partnering with top banks, leading insurance firms, prominent capital market entities, major investment banks, and wealth management companies globally. TCS BaNCS' for Insurance is a comprehensive offering suite, supporting a range of insurance products and functions, including customer management, product definition, plan management, policy administration, claims management, insurance accounting and reinsurance, along with a digital suite that can be tailored based on persona, among several options.Powered by Capital Market - Live

Tata Consultancy Services has opened a new AI-driven operations center in Mexico City, reiterating the company's commitment to continue accelerating innovation in Mexico and Latin America. The new office in Mexico City is TCS' eighth operations center in Mexico where the company has built a workforce of over 11,000 highly skilled associates over the last 22 years. Establishing this new office is a key component of TCS' growth strategy in Latin America and is expected to generate employment opportunities within the country over the next two years. The facility will be staffed with AI specialists, and software engineers with expertise in emerging enterprise technologies. TCS' new office in Mexico City is designed to be an engine of innovation that seeks to collaborate with local and international clients, offering a variety of solutions from its portfolio, including AI, cloud, cybersecurity, IoT, IT infrastructure, application development and cognitive business operations, among others. With this initiative, TCS not only consolidates its position as a strategic partner in the digital transformation of Mexico and Latin America but also reaffirms its long-term commitment to developing a more inclusive, innovative, and competitive future for the country.Powered by Capital Market - Live

Tata Consultancy Services (TCS) has secured a five-year renewal and expansion of its contract with Weatherford International (NASDAQ: WFRD), a multinational oilfield service company headquartered in North America. Under this extended agreement, TCS will leverage its expertise in automation, artificial intelligence, and digital optimization to drive enterprise-wide business transformation initiatives for Weatherford. The partnership will focus on enhancing operational efficiencies across critical domains such as finance, supply chains, and human resources. TCS plans to introduce advanced AI-driven solutions to streamline Weatherford's finance and accounting processes, reduce costs, and improve scalability. Additionally, TCS' advisory capabilities will support Weatherford in simplifying workflows, fostering innovation, and enabling outcome-based strategies aimed at maximizing agility and long-term financial resilience. This renewed collaboration builds on seven years of a trusted partnership, during which TCS spearheaded transformative improvements in shared services. Notably, these efforts have resulted in around 50% reduction in Weatherford's total cost of ownership across mission-critical operations. Powered by Capital Market - Live

CEO K Krithivasan explained in a recent media interview that the decision is part of a strategic shift to make TCS more agile and future-ready. Krithivasan emphasized that the layoffs are driven not directly by AI but by the need to align skills with future demands, noting challenges in redeploying certain staff despite significant investments in upskilling. The company currently employs around 613,000 people globally as of June 2025. The CEO also clarified that affected employees would receive severance packages, notice period pay, extended health insurance, and outplacement support. Additionally, TCS is instituting stricter bench management policies to encourage timely redeployment of unassigned associates to client projects. Market analysts observe that AI and automation are quietly reshaping demand in the IT industry, with senior employees facing challenges keeping pace with new technologies, a trend not unique to TCS but prevalent across major corporates. TCS is a digital transformation and technology partner of choice for industry-leading organizations worldwide. The IT major reported a 4.38% jump in consolidated net profit to Rs 12,760 crore despite 1.62% decline in revenue from operations to Rs 63,437 crore in Q1 June 2025 over Q4 March 2025. The company's total contract value (TCV) dropped to $9.4 billion in Q1 June 2025, down 22.95% compared with $12.2 billion in Q4 March 2025. Additionally, the attrition rate was at 13.8% for the last twelve months (LTM), the highest in nearly two years. Powered by Capital Market - Live

The Nifty July 2025 futures closed at 25,208, a premium of 58.15 points compared with the Nifty's closing at 25,149.85 in the cash market. In the cash market, the Nifty 50 index dropped 205.40 points or 0.81% to 25,149.85. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 1.24% to 11.82. Tata Consultancy Services, Glenmark Pharmaceuticals and Infosys were the top traded individual stock futures contracts in the F&O segment of the NSE. The July 2025 F&O contracts will expire on 31 July 2025.Powered by Capital Market - Live

Tata Consultancy Services Ltd is down for a fifth straight session today. The stock is quoting at Rs 3271, down 3.28% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.77% on the day, quoting at 25159.1. The Sensex is at 82509.41, down 0.82%.Tata Consultancy Services Ltd has lost around 4.75% in last one month.Meanwhile, Nifty IT index of which Tata Consultancy Services Ltd is a constituent, has eased around 2.11% in last one month and is currently quoting at 38376.65, down 1.9% on the day. The volume in the stock stood at 56.31 lakh shares today, compared to the daily average of 24.07 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 3271.5, down 3.51% on the day. Tata Consultancy Services Ltd tumbled 21.82% in last one year as compared to a 2.68% rally in NIFTY and a 3.53% fall in the Nifty IT index.The PE of the stock is 25.47 based on TTM earnings ending March 25.Powered by Capital Market - Live

The company's total contract value (TCV) dropped to $9.4 billion in Q1 June 2025, down 22.95% compared with $12.2 billion in Q4 March 2025. Additionally, the attrition rate was at 13.8% for the last twelve months (LTM), the highest in nearly two years. Further, K Krithivasan, chief executive officer and managing director, said, 'The continued global macro-economic and geo-political uncertainties caused a demand contraction. On the positive side, all the new services grew well. We saw robust deal closures during this quarter. The IT major reported a 4.38% jump in consolidated net profit to Rs 12,760 crore despite 1.62% decline in revenue from operations to Rs 63,437 crore in Q1 June 2025 over Q4 March 2025. On a year-on-year basis, the company's consolidated net profit jumped 5.98% while revenue from operations increased 1.32% in Q1 June 2025. The company's YoY performance was driven by a 2.8% increase in Energy, Resource and Utilities, alongside steady gains in BFSI (up 1%) and Technology & Services (up 1.8%) segments in Q1 FY26. Constant currency revenue declined 3.1% YoY in the Q1 FY26. Operating and net margins stood at 24.5% and 20.1% respectively during the quarter, with a robust cash conversion ratio of 100.3% of net income. Profit before tax (PBT) stood at Rs 16,979 crore in Q1 FY26, up 3.52% QoQ and up 4.61% YoY. On the talent front, the workforce stood at 613,069 as on 30th June 2025. Meanwhile, the company's board declared an interim dividend of Rs 11 per equity share of Rs 1 each. The record date for the same is Wednesday, 16 July 2025 and the dividend will be paid on Monday, August 4, 2025. Samir Seksaria, chief financial officer, said, We continued our investments in long term sustainable growth this quarter. We stayed agile and adapted to the dynamic environment, delivering steady margins. Our industry leading profitability alongside robust cash conversion, positions us well to make strategic investments for the future.' Tata Consultancy Services (TCS) is a digital transformation and technology partner of choice for industry-leading organizations worldwide.Powered by Capital Market - Live

The company said that the growth for the quarter was led by AI & Data, TCS Interactive, and Cyber Security. On a year-on-year basis, the company's consolidated net profit jumped 5.98% while revenue from operations increased 1.32% in Q1 June 2024. The company's YoY performance was driven by a 2.8% increase in Energy, Resource and Utilities, alongside steady gains in BFSI (up 1%) and Technology & Services (up 1.8%) segments in Q1 FY26. Constant currency revenue declined 3.1% YoY in the Q1 FY26. Operating and net margins stood at 24.5% and 20.1% respectively during the quarter, with a robust cash conversion ratio of 100.3% of net income. Profit before tax (PBT) stood at Rs 16,979 crore in Q1 FY26, up 3.52% QoQ and up 4.61% YoY. The company reported total contract value (TCV) performance at $9.4 billion for Q1 FY26. On the talent front, the workforce stood at 613,069 as on 30th June 2025. IT services' attrition rate was at 13.8% for the last twelve months (LTM). Meanwhile, the company's board declared an interim dividend of Rs 11 per equity share of Rs 1 each. The record date for the same is Wednesday, 16 July 2025 and the dividend will be paid on Monday, August 4, 2025. K Krithivasan, chief executive officer and managing director, said 'The continued global macro-economic and geo-political uncertainties caused a demand contraction. On the positive side, all the new services grew well. We saw robust deal closures during this quarter. We remain closely connected to our customers to help them navigate the challenges impacting their business, through cost optimization, vendor consolidation and AI-led business transformation.' Samir Seksaria, chief financial officer, said, We continued our investments in long term sustainable growth this quarter. We stayed agile and adapted to the dynamic environment, delivering steady margins. Our industry leading profitability alongside robust cash conversion, positions us well to make strategic investments for the future.' Tata Consultancy Services (TCS) is a digital transformation and technology partner of choice for industry-leading organizations worldwide. The counter shed 0.06% to settle at Rs 3,382.30 on the BSE.Powered by Capital Market - Live