TCS surges on expanding strategic partnership with Xerox
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TCS is currently trading at Rs. 3852.05, up by 65.45 points or 1.73% from its previous closing of Rs. 3786.60 on the BSE.
The scrip opened at Rs. 3848.95 and has touched a high and low of Rs. 3877.10 and Rs. 3825.75 respectively. So far 38114 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4254.45 on 18-Mar-2024 and a 52 week low of Rs. 3172.45 on 26-Jun-2023.
Last one week high and low of the scrip stood at Rs. 3887.00 and Rs. 3780.10 respectively. The current market cap of the company is Rs. 1393651.13 crore.
The promoters holding in the company stood at 71.77%, while Institutions and Non-Institutions held 23.36% and 4.87% respectively.
Tata Consultancy Services (TCS) has expanded its strategic partnership with Xerox with a landmark, end-to-end transformation program designed to fast track the evolution of the company to a simplified, services-led, software-enabled organization. Under the agreement, TCS will consolidate Xerox’s technology services to improve business outcomes, migrate complex legacy data centers to the Azure public cloud, deploy a cloud-based Digital ERP platform to transform business processes and incorporate generative artificial intelligence (GenAI) into operations to help drive sustainable growth.
TCS will develop a new agile, cloud-first operating model for Xerox. Leveraging the deep capabilities of its service practices such as AI.Cloud, Enterprise Solutions (including TCS Crystallus) and Cognitive Business Operations (including TCS Cognix), TCS will also build an AI-first enterprise platform for Xerox. These TCS capabilities will be combined with the expertise of industry partners such as leading hyperscalers and AI solution providers.
TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses. TCS offers a consulting-led, cognitive powered, integrated portfolio of IT, business & technology services, and engineering.
