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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Tata Consultancy Services    TCS   INE467B01029

TATA CONSULTANCY SERVICES

(TCS)
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Tata Consultancy Services : TCS and Auckland Business School Launch World-first APAC-Focused Digital Sustainability Index

11/16/2020 | 05:55am EST

Tata Consultancy Services' and CODE's Index Will Identify Companies and Countries Ahead of the Digital Sustainability Curve in APAC and Aims to Help Remove Barriers to Sustainable Innovation.

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, announced that it has partnered with the Centre of Digital Enterprise (CODE) at the University of Auckland Business School to develop a world-first APAC Digital Sustainability Index.

The new index will track the adoption and leverage of digital technologies by enterprises for their growth and transformation, and for discharging their social and environmental responsibilities, to create longer term value for all stakeholders. The main goal of the Digital Sustainability Index is to raise awareness of the role that technology is playing in transforming companies, governments and communities.

The APAC-focused Digital Sustainability Index will evaluate current sustainability efforts undertaken by companies and governments, identify digital sustainability market leaders in the region, and uncover the factors critical to the development of sustainable digital solutions.

A research report will uncover deep insights into key digital sustainability efforts around the region and rank these via the Index. The findings will be launched in mid-2021 and will highlight best practices, key challenges and opportunities for businesses and executives across the region. Subsequently, CODE and TCS expect to publish the index on an annual basis.

'The University of Auckland Business School and the Centre of Digital Enterprise are very excited to be working with TCS and to be launching this index, which will help us better understand how technology impacts business performance, and how our world continues to evolve with the advent of new technologies,' said Ilan Oshri, Professor of Technology and Globalisation, Graduate School of Management, The University of Auckland Business School. 'Never has the impact of technology on the community and sustainable innovation been more relevant and more necessary,' he added.

'TCS is thrilled to be partnering with the Centre of Digital Enterprise at the University of Auckland Business School, to launch the Digital Sustainability Index for the APAC region. Digital technologies are not only enabling innovative business models but are also leading to new pathways for enterprises and governments to support and empower local communities. By creating a clear evaluation framework for digital sustainability, we will be able to help businesses, communities and governments find new opportunities and celebrate the successes of their sustainability activities,' said Girish Ramachandran, President TCS Asia Pacific.

About CODE

The Centre of Digital Enterprise at the University of Auckland Business School is a research centre that shapes practices and policy making by undertaking an objective and independent research on the impact of emerging technologies on business entities and societies. The University of Auckland is ranked No. 1 for two consecutive years in the University Impact Rankings by Times Higher Education (THE), measured by how universities worldwide are performing against the United Nations'Sustainable Development Goals (SDGs).

About Tata Consultancy Services Ltd. (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent AgileTM delivery model, recognized as a benchmark of excellence in software development.

A part of the Tata group, India's largest multinational business group, TCS has over 453,000 of the world's best-trained consultants in 46 countries. The company generated consolidated revenues of US $22 billion in the fiscal year ended March 31, 2020, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.

For TCS global news, follow @TCS_News.

TCS Media Contacts

Asia Pacific

Email: charlene.lee@tcs.com

Phone: +65 9138 4370

Australia and New Zealand

Email: Kelly.ryan@tcs.com

Phone: +61 422 989 682

Benelux

Email: Joost.galema@tcs.com

Phone: +31 615 903387

Canada

Email: tia.thomas@tcs.com

Phone: +1 647 790 7602

Europe

Email: mattias.afgeijerstam@tcs.com

Phone: +46723989188

India

Email: arushie.sinha@tcs.com

Phone: +91 22 6778 9960

Middle East & Africa

Email: s.hasneen@tcs.com

Phone: +00971567471988

Japan

Email: douglas.foote@tcs.com

Phone: +81 80 2115 0989

Latin America

Email: martin.karich@tcs.com

Phone: +569 6170 9013

Nordics

Email: roland.bagen@tcs.com

Phone: +46703178024

UK

Email: peter.devery@tcs.com

Phone: +44 20 3155 2421

USA

Email: william.thomas@tcs.com

Phone: +1 203 984 3978

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 1 644 B 22 463 M 22 463 M
Net income 2021 329 B 4 500 M 4 500 M
Net cash 2021 264 B 3 613 M 3 613 M
P/E ratio 2021 36,5x
Yield 2021 1,47%
Capitalization 11 917 B 163 B 163 B
EV / Sales 2021 7,09x
EV / Sales 2022 6,19x
Nbr of Employees 469 261
Free-Float 26,9%
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Number of Analysts 40
Average target price 3 259,03 INR
Last Close Price 3 221,75 INR
Spread / Highest target 29,6%
Spread / Average Target 1,16%
Spread / Lowest Target -41,6%
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Managers and Directors
NameTitle
Rajesh Gopinathan CEO, MD & Non-Independent Executive Director
Natarajan Chandrasekaran Non-Executive Chairman
N. Ganapathy Subramaniam COO & Non-Independent Executive Director
V. Ramakrishnan Chief Financial Officer
K. Ananth Krishnan Chief Technology Officer
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