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TCS gains on expanding partnership with Randstad
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Tata Consultancy Services is currently trading at Rs. 3357.75, up by 3.70 points or 0.11% from its previous closing of Rs. 3354.05 on the BSE.
The scrip opened at Rs. 3343.00 and has touched a high and low of Rs. 3358.65 and Rs. 3318.30 respectively. So far 27030 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4045.50 on 18-Jan-2022 and a 52 week low of Rs. 2926.00 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 3367.00 and Rs. 3253.60 respectively. The current market cap of the company is Rs. 1227611.74 crore.
The promoters holding in the company stood at 72.30%, while Institutions and Non-Institutions held 21.63% and 6.06% respectively.
Tata Consultancy Services (TCS) has expanded its partnership with Randstad, a world leading HR Services Company, to modernize the latter’s application estate on the cloud, strengthen the security posture and accelerate its growth and transformation journey. 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 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.
