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

TATA CONSULTANCY SERVICES

(TCS)
  Report
Delayed Quote. Delayed NSE India Stock Exchange - 01/21 06:16:15 am
3273.85 INR   -1.06%
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Tata Consultancy Services : TCS Retains Position as America's Most Community-Minded Technology Company

06/12/2020 | 09:57am EST

TCS Retains Position as America's Most Community-Minded Technology Company.

Tata Consultancy Services Recognized for 4th Consecutive Year in Points of Light's Civic 50 and as Technology Sector Leader for 3rd Consecutive Year

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been recognized as Technology Sector Leader and as one of Civic 50's America's 50 Most Community Minded Information Technology Companies. TCS has been named the Technology Sector Leader for the third year and included in the Civic 50 list for the fourth consecutive year.

'I believe that Purpose is the new Tech and organizing business around purpose is a very strong driver of transformation,' said Balaji Ganapathy, Global Head CSR and Chief Social Responsibility Officer. 'In these times of extreme hardship for people and communities, we stand committed to engage the best of TCS to support the needs of the most vulnerable and underserved groups.'

The Civic 50, an initiative of Points of Light, recognizes the 50 most community-minded companies in the nation each year as determined by an annual survey. By benchmarking and celebrating best practices, it provides a framework for good corporate citizenship and showcases how companies can use their time, skills and other resources to improve the quality of life in their communities.

'Points of Light believes that now more than ever, companies must drive transformative social change around the world,' said Natalye Paquin, President and CEO, Points of Light.'We thank Tata Consultancy Services for their investment and look forward to supporting them in innovating and expanding this work.'

TCS was honored by Points of Light for the investment, integration, institutionalization and impact of its community engagement programs. In response to the needs arising out of the COVID-19 pandemic, Tata Group and Tata Trusts committed to a $200 Million contribution through a coordinated, multi-prong approach. In addition to supporting this investment, TCS is leveraging its intellectual, technology, human and financial capital to support community needs across four streams:

Supporting Healthcare & Wellness: With efforts ranging from using AI to accelerate drug discovery, designing affordable PPE kits and ventilators, patient tracker systems, radiology analysis, wearable based monitors, contact tracing, self-assessment and more.

Providing Continued Access to Education: Over 7,500 institutions are using the virtual learning platform TCS GlassroomTM and 15,000+ students are utilizing the digital certification program TCS iON Career Edge for free during this period. TCS' flagship community programs goIT and Ignite My Future in School (IMFIS) are also supporting the needs of students, educators, guardians and schools by shifting to a virtual model.

Developing Innovative New Technology Solutions: TCS is delivering technology solutions and offering pro-bono services to nonprofits, community organizations, and government agencies - such as supporting unemployment claim processing in NY state and engaging 900+ cross-sector leaders during a three-part virtual event series as part of of its Digital Empowers partnership with the U.S. Chamber of Commerce Foundation.

Supporting the Local Community: TCS is supporting the efforts and generosity of its 45,000+ North America employees during the pandemic by matching their generous donations and supporting their volunteering on the front-line.

Since 2009, over 30,000 students throughout the United States and Canada in 101 cities have benefited from TCS goIT, a signature community engagement program in North America. goIT helps students design human-centered solutions that harness technologies for innovation, while blending design thinking and industry expertise to provide students with the 21st century skills necessary to create technology for social good. Of the students engaged last year alone, approximately 45 percent of the students were girls.

TCS and Discovery Education's IMFIS program has empowered 11,625+ teachers using a transdisciplinary approach to integrate computational thinking into every subject, reaching over 673,415 students since September 2017.

Since 2014, TCS has been among the top two U.S. job creators in the IT services and consulting sector, hiring more than 20,000 new employees. TCS is dedicated to enabling a future-ready workforce and offers many learning experiences that focus on reskilling and upskilling. In 2019, 90 percent of its U.S. workforce was re-skilled in the latest digital technologies, tools and platforms.

About Points of Light

Points of Light - the world's largest organization dedicated to volunteer service - mobilizes millions of people to take action that is changing the world. Through affiliates in 250 cities across 37 countries and in partnership with thousands of nonprofits and corporations, Points of Light engages 5 million volunteers in 20 million hours of service each year. We bring the power of people to bear where it's needed most. For more information, go to www.pointsoflight.org.

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 news in North America, follow @TCS_NA.

For TCS global news, follow @TCS_News

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: +46 70 317 80 24

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 22 527 M 22 527 M
Net income 2021 329 B 4 513 M 4 513 M
Net cash 2021 264 B 3 623 M 3 623 M
P/E ratio 2021 37,1x
Yield 2021 1,44%
Capitalization 12 110 B 166 B 166 B
EV / Sales 2021 7,21x
EV / Sales 2022 6,30x
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
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Mean consensus OUTPERFORM
Number of Analysts 40
Average target price 3 259,03 INR
Last Close Price 3 273,85 INR
Spread / Highest target 27,6%
Spread / Average Target -0,45%
Spread / Lowest Target -42,6%
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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