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

TATA CONSULTANCY SERVICES

(TCS)
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Delayed Quote. Delayed NSE India Stock Exchange - 01/15 06:14:09 am
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TCS-Digitate Launches ignio Cognitive Procurement: Uses Power of AI to Monitor Purchase Transactions

04/28/2020 | 07:57am EST

New Product Expands the AI Product Portfolio of Digitate, Tata Consultancy Services' Software Venture; Helps Enterprises Make Smarter Purchase Decisions.

Digitate, a software venture of Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, announced the release of ignio Cognitive Procurement to help enterprises make smarter purchase decisions and take action faster.

Global organizations with large and diverse procurement needs, can get superior outcomes by minimizing the number of purchase transactions that result in sub-optimal spend, non-compliance and processing fallouts. Traditionally, procurement organizations have tried to address this with tighter controls and regulations, which adversely impact the overall cycle time.

ignio Cognitive Procurement leverages AI/ML to bring speed and scale to this process, enabling enterprises to deeply understand procurement behavior, monitor purchase transactions in the background, and intervene when needed. It uses cognitive technologies to:

Identify items being procured with significant price variance along with price recommendations

Detect and flag purchase transactions exhibiting odd behaviors or undesirable price variances

Mine behavioral patterns that explain different types of exceptions requiring human intervention

Predict likely exceptions in purchase transactions ahead of time

Provide out-of-box analysis of spend along multiple dimensions

'The mandate for procurement organizations today is to add value beyond spend optimization. Moreover, the evolving situation around Covid-19 is forcing organizations to make some hard, unconventional decisions under constraints to manage demand and supply,' said Akhilesh Tripathi, Global Head, Digitate. 'ignio Cognitive Procurement unlocks new value levers by making it possible to uncover hard-to-discern anomalies and delivers granular operational intelligence to help procurement experts make smarter decisions and take faster action. It will help organizations navigate through this crisis carefully and come out stronger. We are excited to launch this latest product in our suite of AI/ML-powered solutions for the enterprise.'

Mickey North Rizza, Program Vice President, Enterprise Applications and Digital Commerce, IDC, said: 'With the pace of business increasing, it will become more critical for end users to have fast and accurate insights from their business data. ignio Cognitive Procurement software is an exciting offering from Digitate.'

ignio Cognitive Procurement marks the latest addition to Digitate's AI product line, which includes ignio AIOps, ignio AI.WorkloadManagement, ignio AI.ERPOps for automating ERP support operations, and ignio AI.Digital Workspace.

About Digitate

Digitate is a software venture of TCS. Launched in 2015, Digitate's ignio is an award-winning solution that reimagines enterprise IT operations with its unique and innovative design that blends artificial intelligence, machine learning, and advanced software engineering to quickly and autonomously resolve issues when they arise, and preempt incidents wherever possible. ignio has been adopted by large, global enterprises, mostly Fortune 500 and Global 2000 corporations, which are leaders and innovators in their respective industries. Digitate is headquartered in the heart of the Silicon Valley in Santa Clara, California, USA and Pune, India. To stay up-to-date on ignio news, follow us at @iam_ignio and visit us at www.digitate.com.

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 448,000 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.

To stay up-to-date on TCS global news, follow @TCS_News.

Digitate Media Contact:

Rajiv Nayan | r.nayan@digitate.com | +1 925 577 9154

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

Central Europe

Email: anke.maibach@tcs.com

Phone: +49 172 6615789

Europe

Email: mattias.afgeijerstam@tcs.com

Phone: +46723989188

India

Email: arushie.sinha@tcs.com

Phone: +91 22 6778 9960

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: b.trounson@tcs.com

Phone: +1 646 313 4594

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 1 644 B 22 470 M 22 470 M
Net income 2021 329 B 4 501 M 4 501 M
Net cash 2021 264 B 3 614 M 3 614 M
P/E ratio 2021 36,7x
Yield 2021 1,46%
Capitalization 11 960 B 164 B 163 B
EV / Sales 2021 7,11x
EV / Sales 2022 6,22x
Nbr of Employees 469 261
Free-Float 26,9%
Chart TATA CONSULTANCY SERVICES
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Tata Consultancy Services Technical Analysis Chart | TCS | INE467B01029 | MarketScreener
Technical analysis trends TATA CONSULTANCY SERVICES
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 40
Average target price 3 259,03 INR
Last Close Price 3 233,35 INR
Spread / Highest target 29,2%
Spread / Average Target 0,79%
Spread / Lowest Target -41,9%
EPS Revisions
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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