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    TCS   INE467B01029

TATA CONSULTANCY SERVICES LTD.

(TCS)
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Swiss Re Partners with TCS to Develop a Resilient and Futuristic Digital Workplace

11/25/2021 | 03:53am EST

Swiss Re Partners with TCS to Develop a Resilient and Futuristic Digital Workplace.

Tata Consultancy Services to Further Develop the New Digital Core on Microsoft 365 to Allow the Reinsurer to Enhance their User Experience Even More, Achieve Increased Agility, and Support Future Growth

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has expanded its 18-year long strategic partnership with Swiss Re, one of the world's leading providers of reinsurance, insurance, and other forms of insurance-based risk transfer, to help the latter build a more social and open digital workspace leveraging the cloud, to drive greater collaboration and innovation.

As part of this initiative, TCS will help Swiss Re to further develop its future-ready, cloud-based digital workplace using Microsoft technologies and manage the underlying operations. Adopting agile ways of working, Swiss Re and TCS will work collaboratively to deliver a persona-based, insights-driven user experience for over 18,000 end-users.

TCS will help Swiss Re enhance operational excellence through state-of-the-art, lean processes across the end-to-end workplace support function by bringing automation and implementing DevOps best practices. TCS will create self-heal and self-help operations to automate standard processes, and enable out-of-the box endpoints with a seamless corporate experience.

A key focus area for this partnership will be to accelerate the innovation pipeline within the organization, specifically in the areas of immersive experiences and artificial intelligence with the support of edge technologies in the market, which will help Swiss Re to boost its Hybrid Collaboration strategy.

'Accelerating Swiss Re's journey to become a leading tech and data-led risk knowledge company, we work closely with our partners to co-create new and innovative solutions by leveraging technology and data to drive value for our clients,' said Youngran Kim, Group Chief Technology Officer, Swiss Re. 'We partnered with TCS to leverage their insurance domain experience, strategic partnership with Microsoft, proven track record in successfully executing similar large transformation programs including with Swiss Re. Together with TCS and Microsoft, we want to empower our employees with a seamless and secure Digital Workplace experience.'

'The key to building an innovative, future-ready organization is a vibrant digital workplace that fosters creativity and collaboration, while keeping data and interactions secure. TCS is thrilled to expand its long-standing partnership with Swiss Re to build a new digital workplace using Microsoft technologies, and help them accelerate their innovation and growth,' said Siva Ganesan, Global Head, Microsoft Business Unit, TCS.

About Swiss Re

The Swiss Re Group is one of the world's leading providers of reinsurance, insurance, and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk - from natural catastrophes to climate change, from ageing populations to cybercrime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally.

About TCS' Microsoft Business Unit

TCS' Microsoft Business Unit works with customers worldwide to accelerate their multi-horizon cloud transformation journeys. TCS uses its deep industry knowledge and large and growing global talent pool of Microsoft-certified consultants to help customers leverage the power of AI, automation, and cloud to enhance customer experience, reimagine employee empowerment, optimize operations and spur innovation.

TCS has a strong portfolio of end-to-end services spanning the entire cloud lifecycle for private, public, hybrid and multi cloud environments. Services include hybrid cloud strategy, IaaS, legacy colocation, cloud foundation and PaaS, storage cloud, cloud migration, and DR as a service.

TCS is a Microsoft Gold Partner with over 1,000 successful Modern Workplace and Azure engagements for more than 225 global customers. TCS recently won the 2021 Microsoft Partner of the Year Awards for Azure Intelligent Cloud in France and Dynamics 365 Field Service in the US. Additionally, it is a designated Microsoft Azure Expert Managed Service Partner, recognizing TCS' proven expertise in delivering the highest quality of service on Azure.

About Tata Consultancy Services

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 Agile 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 528,000 of the world's best-trained consultants in 46 countries. The company generated consolidated revenues of US $22.2 billion in the fiscal year ended March 31, 2021, 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 MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com

TCS Media Contacts

Asia Pacific

Email: wenjian.lin@tcs.com

Phone: +65 9695 9948

Australia and New Zealand

Email: kelly.ryan@tcs.com

Phone: +61 422 989 682

Canada

Email: tia.thomas@tcs.com

Phone: +1 647 790 7602

Europe

Email: joost.galema@tcs.com

Phone: +31 615 903387

India

Email: saxena.kritika@tcs.com

Phone: +91 22 6778 9999

Email: vanshika.sood@tcs.com

Phone: +91 22 67789098

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

UK

Email: peter.devery@tcs.com

Phone: +44 20 3155 2421

USA

Email: william.thomas@tcs.com

Phone: +1 203-984-3978

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
SWISS RE LTD 1.10% 101.6 Delayed Quote.11.29%
TATA CONSULTANCY SERVICES LTD. -3.20% 3649.25 Delayed Quote.0.84%
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Financials
Sales 2022 1 912 B 25 422 M 25 422 M
Net income 2022 386 B 5 133 M 5 133 M
Net cash 2022 385 B 5 115 M 5 115 M
P/E ratio 2022 36,1x
Yield 2022 1,41%
Capitalization 13 499 B 180 B 180 B
EV / Sales 2022 6,86x
EV / Sales 2023 6,01x
Nbr of Employees 488 649
Free-Float 27,8%
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Mean consensus OUTPERFORM
Number of Analysts 40
Last Close Price 3 769,90 INR
Average target price 4 136,73 INR
Spread / Average Target 9,73%
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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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