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

TATA CONSULTANCY SERVICES

(TCS)
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Tata Consultancy Services : Deutsche Bank in talks to sell IT unit as it trims staff - sources

10/22/2020 | 03:56am EST
FILE PHOTO: Germany's Deutsche Bank headquarters are pictured in Frankfurt

FRANKFURT/NEW DELHI (Reuters) - Germany's Deutsche Bank is in talks to sell IT services division Postbank Systems, people with knowledge of the matter said on Thursday.

A potential buyer is India's Tata Consultancy Services, the people said.

Postbank Systems has around 1,400 employees, mainly in the German city of Bonn. A sale would help Deutsche reach its goal of shedding 18,000 staff overall to cut costs and restore profitability.

Bloomberg News first reported the development.

Deutsche Bank and TCS declined to comment.

(Reporting by Tom Sims and Patricia Uhlig in Frankfurt and Sankalp Phartiyal in New Delhi; editing by Thomas Seythal and Maria Sheahan)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE BANK AG -0.95% 9.409 Delayed Quote.37.99%
TATA CONSULTANCY SERVICES 0.83% 2749.55 Delayed Quote.26.14%
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Financials
Sales 2021 1 615 B 21 892 M 21 892 M
Net income 2021 319 B 4 327 M 4 327 M
Net cash 2021 269 B 3 651 M 3 651 M
P/E ratio 2021 32,0x
Yield 2021 1,92%
Capitalization 10 184 B 139 B 138 B
EV / Sales 2021 6,14x
EV / Sales 2022 5,42x
Nbr of Employees 448 464
Free-Float 27,9%
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
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 2 882,91 INR
Last Close Price 2 726,80 INR
Spread / Highest target 46,7%
Spread / Average Target 5,72%
Spread / Lowest Target -46,5%
EPS Revisions
Managers
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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