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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 : TCS' Blockchain Product Quartz is Now Available on Microsoft Azure

09/22/2020 | 04:33am EST

TCS' Blockchain Product Quartz is Now Available on Microsoft Azure.

Tata Consultancy Services' Award-winning Smart Ledgers Suite that Helps Enterprises Quickly Build and Deploy Blockchain Solutions Now Brings Added Benefits of the Cloud's Flexibility, Scalability and Efficiency

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting, and business solutions organization, announced the general availability of its award-winning Quartz suite of blockchain based solutions on Microsoft Azure Blockchain Service.

The Quartz suite of products helps organizations set up truly connected ecosystems delivering real-time, efficient transaction-processing based on a single source of truth on the ledger, hosted on a secure cloud. It comprises Smart Solutions, a ready-to-use set of verticalized business offerings for different industries using distributed ledger technology; the Quartz DevKit, a low code smart contract development kit to enable programming of high quality code on multiple blockchain platforms; the Quartz Gateway for the integration of existing solutions with varied ecosystems; and the Quartz Command Center that can administer and monitor entire ecosystems.

TCS has already signed up customers for Quartz on Azure and expects greater demand for its ready-to-use solutions off the Azure platform. The general availability of Quartz on Azure brings together the transformative power of business-ready, innovative, cloud-based blockchain solutions, with the scalability, security, availability and cost-efficiency of a trusted global public cloud platform. This is also expected to help customers significantly reduce their overall time to market and build competitive differentiation in a post-pandemic world.

'With Quartz, enterprises across industries like financial services, e-governance, utilities, travel and hospitality, telecom and aviation, can readily harness the power of blockchain technology to connect with larger ecosystems and evolve augmented multi-industry offerings aligned to a purpose-driven strategy, a key aspect driving blockchain adoption,' said R Vivekanand, Global Head, Quartz, TCS. 'Quartz on Azure adds all the benefits of a best-in-class public cloud to an already compelling value proposition and makes distributed ledger technology readily accessible to the user.'

Matthew Kerner, General Manager, Azure Blockchain at Microsoft Corp., said, 'We are pleased to have Quartz, The Smart Ledgers solution, take advantage of Microsoft Azure Blockchain Service. The solution is targeted at enterprises seeking to harness the potential of blockchain, while benefiting from the scalability and elasticity offered by the cloud.'

Quartz - The Smart Ledgers

Quartz is a startup incubated by TCS, and provides foundational technology, tools and business components for creating distributed ledger solutions across varied industries.

Built on the core principles of Coexistence, Integration and Interoperability, Quartz enables existing systems to coexist and integrate with blockchain platforms and other messaging networks. With data masking, privacy, and anonymity-the premise on which the solutions are designed-organizations can focus on enhancing their core competitive strengths in an environment of utmost security.

With Quartz, you can also facilitate the creation of a complete distributed ledger ecosystem for stakeholders in your value chain. Quartz caters to organizations across Industry segments including Financial Services, Banking, Supply Chain, Energy & Utilities and e-Governance.

To know more about Quartz, please visit: https://www.tcs.com/quartz-blockchain-solutions

About TCS Microsoft Business Unit

TCS' Microsoft Business Unit offers a full complement of services and solutions around Microsoft technologies, catering to all stakeholders in the enterprise and helping customers worldwide accelerate their growth and transformation journeys. A global talent pool of nearly 50,000 consultants trained and certified on Microsoft technologies, leverage their deep domain and contextual knowledge to help customers become purpose driven, adaptable and resilient. TCS is a Microsoft Gold Competency Partner, the highest-level in the Microsoft Partner Network community and has best-in-class capabilities to deploy Microsoft business solutions. 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 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 443,000 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.

TCS Financial Solutions Media Contacts:

Global

Dennis Roman, Global Head - Products & Platforms Marketing

Email: dennis.roman@tcs.com

Phone: +1 561 865 3339

TCS Financial Solutions

Anjana Srikanth, Head, Marketing, Communications and Research, TCS BaNCS

Email: anjana.srikanth@tcs.com

Phone: +91 8067256963

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

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: william.thomas@tcs.com

Phone: +1 203 984 3978

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
MICROSOFT CORPORATION -0.17% 212.65 Delayed Quote.-4.23%
TATA CONSULTANCY SERVICES -0.53% 3233.35 Delayed Quote.12.95%
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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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