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    TCS   INE467B01029

TATA CONSULTANCY SERVICES LTD.

(TCS)
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Tata Consultancy Services : Virgin Atlantic Partners with TCS to Power Recovery and Transformation-led Growth; Tata Consultancy Services Will Innovate Cloud First Digital Solutions as Exclusive Technology Partner

06/14/2021 | 11:54am EDT

LONDON, MUMBAI -- Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, announced that it has expanded its strategic partnership with Virgin Atlantic, one of the UK's leading airlines, to help the latter embark on a new phase of recovery and growth.

The enhanced partnership builds on a 17-year relationship between the two organisations and will see TCS take exclusive responsibility for end-to-end operational management and digital transformation. This includes technology operations, where TCS will enable Virgin Atlantic to leverage the best of Microsoft Azure through a series of technology and business transformation initiatives. In addition, TCS will build innovative digital solutions with Cloud First guiding principles to help Virgin improve technology resilience, agility, and performance in its purpose-led transformation.

In keeping with TCS' purpose of building better futures using collective knowledge and innovation, the expanded engagement will utilise the contextual knowledge and expertise of an integrated team consisting of TCS and Virgin Atlantic's people to run and transform the airline's end-to-end technology operations. It will see over 70 of Virgin Atlantic's Technology team transfer to TCS, bringing together diverse talent within one integrated team.

"The travel and hospitality industry is leveraging digital innovations to reimagine the experience for consumers looking forward to a positive return to air travel post the pandemic. We are pleased to partner with Virgin Atlantic to drive their digital transformation and power their next chapter of growth," said Arun Pradeep, Business Head - Travel & Hospitality, Europe & UK, TCS. "We warmly welcome Virgin Atlantic's employees into TCS, where they will see diverse opportunities for learning and career growth."

"From the outset of our working relationship, TCS' deep-rooted expertise in the airline industry and innovative approach to digital solutions has consistently helped us transform the modern-day flight experience. As we emerge from a period of great challenge and transition, our strong foundations and belief in our partnership with TCS remains integral to our strategy for future transformation," said Ash Jokhoo, Chief Information & Data Officer Virgin Atlantic.

About Tata Consultancy Services (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 Agile(TM) 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 488,000 of the world's best-trained consultants in 46 countries. The company generated consolidated revenues of US $22.2 billion in the fiscal year ended March 31, 2021, 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 MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com and follow TCS news at @TCS_News.

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

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(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials
Sales 2022 1 907 B 25 673 M 25 673 M
Net income 2022 394 B 5 300 M 5 300 M
Net cash 2022 431 B 5 796 M 5 796 M
P/E ratio 2022 30,1x
Yield 2022 2,35%
Capitalization 11 828 B 159 B 159 B
EV / Sales 2022 5,98x
EV / Sales 2023 5,29x
Nbr of Employees 488 649
Free-Float 27,8%
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Tata Consultancy Services Ltd. Technical Analysis Chart | TCS | INE467B01029 | MarketScreener
Technical analysis trends TATA CONSULTANCY SERVICES LTD.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 37
Last Close Price 3 197,55 INR
Average target price 3 485,69 INR
Spread / Average Target 9,01%
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
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