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    TCS   INE467B01029

TATA CONSULTANCY SERVICES LTD.

(TCS)
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Delayed NSE India Stock Exchange  -  09:00 2022-08-08 am EDT
3374.45 INR   +0.28%
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Outokumpu Selects Tata Consultancy Services, to Transform IT Landscape with an Agile and Secure Cloud-Based Digital Core

07/05/2022 | 01:30am EDT

Tata Consultancy Services has been selected by Outokumpu, to transform its IT landscape with an agile and secure cloud-based digital core to reduce its carbon footprint and support its strategic aspirations. Headquartered in Finland and operating in more than 30 countries with around 9,000 employees, Outokumpu aims to strengthen its industry leadership and competitive differentiation. Towards this goal, it has embarked on a cloud transformation journey, entering into a multi-year strategic partnership with TCS to build a next-generation hybrid cloud platform. TCS will use its deep industry knowledge of the steel sector to support Outokumpu in building a new digital core using advanced digital technologies such as cloud, data analytics and Artificial Intelligence. It will transform and migrate the steel-maker's mission-critical manufacturing operations systems and core SAP systems to a new hybrid cloud architecture using Azure. Additionally, TCS will deploy new digital end-user services that will cater to the differentiated needs of each of Outokumpu's business units and help them derive the full benefit of the transformation. TCS will leverage its Machine First approach to simplify production management using Cognix for Workplace, its AI-driven human-machine collaboration suite. This will help create an intuitive, immersive, and intelligent workspace, offering delightful employee experiences. The new cloud-based digital core will help enhance operational resilience, scalability and agility across the enterprise. Easier access to next-gen technologies as part of the cloud stack is expected to accelerate innovation across the organization and advance Outokumpu's digital manufacturing objectives. Further, the transformation will reduce Outokumpu's carbon footprint and help achieve its objective of being the customer's first choice in sustainable stainless steel.


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Financials
Sales 2023 2 192 B 27 546 M 27 546 M
Net income 2023 421 B 5 289 M 5 289 M
Net cash 2023 401 B 5 046 M 5 046 M
P/E ratio 2023 29,4x
Yield 2023 2,43%
Capitalization 12 347 B 155 B 155 B
EV / Sales 2023 5,45x
EV / Sales 2024 4,90x
Nbr of Employees 592 195
Free-Float 27,7%
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Mean consensus OUTPERFORM
Number of Analysts 43
Last Close Price 3 374,45 INR
Average target price 3 531,79 INR
Spread / Average Target 4,66%
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Managers and Directors
Rajesh Gopinathan CEO, MD & Non-Independent Executive Director
Samir Seksaria Chief Financial Officer
Natarajan Chandrasekaran Non-Executive Chairman
K. Ananth Krishnan Chief Technology Officer
N. Ganapathy Subramaniam COO & Non-Independent Executive Director
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