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14-03-2024 12:31 PM | Source: Accord Fintech
TCS rises on inking agreement with Nuuday to implement cloud transformation

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Tata Consultancy Services is currently trading at Rs. 4173.15, up by 24.75 points or 0.60% from its previous closing of Rs. 4148.40 on the BSE.

The scrip opened at Rs. 4143.05 and has touched a high and low of Rs. 4182.00 and Rs. 4086.80 respectively. So far 33836 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4241.05 on 13-Mar-2024 and a 52 week low of Rs. 3070.30 on 17-Apr-2023.

Last one week high and low of the scrip stood at Rs. 4241.05 and Rs. 4080.35 respectively. The current market cap of the company is Rs. 1512993.75 crore.

The promoters holding in the company stood at 72.41%, while Institutions and Non-Institutions held 22.54% and 5.03% respectively.

Tata Consultancy Services (TCS) has signed an agreement with Nuuday, Denmark’s leading digital connectivity and communications provider, to implement a complex cloud transformation. As part of this multi-million-dollar deal, TCS will take full responsibility for Nuuday’s IT infrastructure and migrate it to the TCS hybrid cloud, paving the way for future transformations.

Nuuday’s move to TCS’ Enterprise Cloud Platform, a next-gen hybrid cloud architecture with built-in tools and accelerators, will reduce time to market for new products and services. It will result in enhanced experiences for customers and employees of Nuuday, which delivers connectivity products and digital services to over 4.1 million Danish homes and 1.8 million businesses. 

As the strategic technology partner, TCS will help Nuuday realize its objective of becoming a ‘truly digital service provider’ with a modern and secure infrastructure. TCS will host and manage all IT domain services of Nuuday during the transformation. This cloud transformation will enable faster and easier adoption of next-gen technologies.

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.