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    TCS   INE467B01029

TATA CONSULTANCY SERVICES LTD.

(TCS)
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Delayed NSE India Stock Exchange  -  01:31:40 2023-02-01 am EST
3375.50 INR   +0.50%
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Tata Consultancy Services Announces Expansion of Its Partnership with Randstad

11/17/2022 | 12:35am EST

Tata Consultancy Services announced that it has expanded its partnership with Randstad, to modernize the latter's application estate on the cloud, strengthen the security posture and accelerate its growth and transformation journey. Randstad selected TCS as the strategic transformation partner in 2016 to implement its strategy of using digital technologies with a human approach, to source the right talent for the right roles. During the first phase of its digital transformation, TCS drove one of the largest public cloud migration projects then - moving over 925 IT applications from over 50 legacy data centers across the world to a public cloud.

In the current phase of Randstad's transformation journey, TCS will leverage its contextual knowledge, deep domain expertise, vast partner ecosystem and AWS capabilities to accelerate Randstad's cloud rationalization and application modernization. This will be achieved with a mix of Software as a Service and more cloud native applications leveraging Platform as a Service. TCS will also improve the security posture of Randstad by onboarding and rolling out global security services and scaling the global DevSecOps platform.

By modernizing Randstad's digital core on AWS, TCS will help unify and scale up many services, such as information security, network, service control, service management, business application management, and business application hosting. All this is expected to result in a new secure, client-centric cloud operating model that enables higher quality service delivery to local members of the Randstad Group. TCS AWS Business Unit is a full-stack, multidisciplinary group that offers enterprise customers end-to-end services and solutions around cloud migration, application and data modernization, managed services, and industry-specific innovation leveraging AWS.

TCS' large pool of AWS cloud-ready professionals leverage their domain knowledge and AWS technology building blocks to create transformational solutions contextualized to specific industry sub-verticals. TCS' Software & Services unit enables software and professional services organizations to achieve sustainable, ecosystem-led and purpose-driven growth. The company's offerings around software product engineering, cognitive computing with embedded AI/ML, data & analytics, automation, cloud, blockchain and cyber security as well as innovative industry domain solutions enable customers to achieve their transformational goals.


ę S&P Capital IQ 2022
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Financials
Sales 2023 2 252 B 27 557 M 27 557 M
Net income 2023 423 B 5 180 M 5 180 M
Net cash 2023 248 B 3 037 M 3 037 M
P/E ratio 2023 29,0x
Yield 2023 3,14%
Capitalization 12 290 B 150 B 150 B
EV / Sales 2023 5,35x
EV / Sales 2024 4,81x
Nbr of Employees 613 974
Free-Float 27,7%
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Mean consensus OUTPERFORM
Number of Analysts 42
Last Close Price 3 358,70 INR
Average target price 3 479,18 INR
Spread / Average Target 3,59%
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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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