Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. India
  4. NSE India Stock Exchange
  5. Tata Consultancy Services Ltd.
  6. News
  7. Summary
    TCS   INE467B01029

TATA CONSULTANCY SERVICES LTD.

(TCS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Tata Consultancy Services : Deutsche Bank to sell IT unit to Tata as it trims staff

11/09/2020 | 09:02am EDT
FILE PHOTO: Logo of Deutsche Bank AG is displayed during the bank's annual news conference in Frankfurt

FRANKFURT (Reuters) - Germany's Deutsche Bank has agreed to sell its IT services division Postbank Systems to India's Tata Consultancy Services, it said on Monday.

Postbank Systems has around 1,500 employees, mainly in the German city of Bonn. The sale is part of Deutsche's plan to shed 18,000 staff overall to cut costs and restore profitability.

Deutsche Bank will pay TCS's integration costs of 120 million euros ($142.69 million) as part of the deal.

"As part of our move to one technology organisation, we are consolidating the IT platform for our retail banking brand Postbank into the Deutsche Bank platform," Deutsche Bank's Chief Technology Officer Bernd Leukert said.

TCS is already an IT services partner for Deutsche Bank and the acquisition will add to TCS's capabilities in the banking domain", N. G. Subramaniam, Chief Operating Officer and Executive Director, said.

($1 = 0.8410 euros)

(Reporting by Arno Schuetze and Patricia Uhlig; Editing by Michelle Adair)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE BANK AG 1.61% 10.828 Delayed Quote.21.00%
TATA CONSULTANCY SERVICES LTD. 0.05% 3871.3 Delayed Quote.35.23%
All news about TATA CONSULTANCY SERVICES LTD.
09/21NICE : Subsidiary Partners With Tata Consultancy to Broaden Market For Its Financial Crime..
MT
09/21NICE Actimize Establishes Strategic Partnership with Tata Consultancy Services to Expan..
CI
09/16Indian Indices Settle Higher on Thursday; Vodafone Idea Soars 27%
MT
09/16TCS AMONG TOP 4 SUPPLY CHAIN SERVICE : HFS Research
AQ
09/13Indian Indices Open the Week in Red; Coal India Jumps 4%
MT
09/13Indian shares slip as losses in Reliance outweigh Coal India gains
RE
09/13Indian shares slip as losses in Reliance outweigh Coal India gains
RE
09/13TATA CONSULTANCY SERVICES : Secures Contract from Semiconductor Manufacturer
MT
09/13NXP Semiconductors Selects TCS as a Strategic Partner to Drive It Innovation
CI
09/09TCS' New MasterCraft DataPlus 3.0 Uses Machine Learning to Help Enterprises Further Str..
CI
More news
Analyst Recommendations on TATA CONSULTANCY SERVICES LTD.
More recommendations
Financials
Sales 2022 1 906 B 25 827 M 25 827 M
Net income 2022 393 B 5 325 M 5 325 M
Net cash 2022 415 B 5 628 M 5 628 M
P/E ratio 2022 36,5x
Yield 2022 1,97%
Capitalization 14 320 B 194 B 194 B
EV / Sales 2022 7,29x
EV / Sales 2023 6,45x
Nbr of Employees 488 649
Free-Float 27,8%
Chart TATA CONSULTANCY SERVICES LTD.
Duration : Period :
Tata Consultancy Services Ltd. Technical Analysis Chart | TCS | INE467B01029 | MarketScreener
Technical analysis trends TATA CONSULTANCY SERVICES LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 38
Last Close Price 3 871,30 INR
Average target price 3 640,61 INR
Spread / Average Target -5,96%
EPS Revisions
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
Sector and Competitors
1st jan.Capi. (M$)
TATA CONSULTANCY SERVICES LTD.35.23%194 012
ACCENTURE PLC29.87%214 733
INTERNATIONAL BUSINESS MACHINES CORPORATION8.62%123 235
INFOSYS LIMITED40.46%100 136
SNOWFLAKE INC.12.46%95 226
AUTOMATIC DATA PROCESSING, INC.14.30%85 483