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30-Oct2017

TCS surges on Malaysia Airlines selecting it for IT transformation project

Tata Consultancy Services (TCS) is currently trading at Rs. 2609.00, up by 29.80 points or 1.16% from its previous closing of Rs. 2579.20 on the BSE.

The scrip opened at Rs. 2580.00 and has touched a high and low of Rs. 2611.50 and Rs. 2580.00 respectively. So far 12498 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2707.40 on 06-Jun-2017 and a 52 week low of Rs. 2054.70 on 15-Nov-2016.

Last one week high and low of the scrip stood at Rs. 2625.05 and Rs. 2525.60 respectively. The current market cap of the company is Rs. 497523.34 crore.

The promoters holding in the company stood at 73.57%, while institutions and non-institutions held 22.26% and 4.18% respectively.

TCS has successfully implemented a large-scale and industry-first transformation project to migrate Malaysia Airlines' datacenter to a 100% hybrid-cloud model. In the latest evolution of a multi-year partnership, Malaysia Airlines selected TCS to lead the airline's largest ever IT transformation project. To better enable a competitive-edge and future readiness for the airline, TCS orchestrated the massive and complex project to migrate the airline's core mission-critical datacenter infrastructure and myriad applications to a hybrid-cloud model operating 80% on Microsoft Azure and 20% on a private cloud.

As primary service partner, TCS collaborated with Microsoft, SAP, and numerous other vendors to ensure Malaysia Airlines' current phase of digital evolution is seamless and cost-efficient and delivered without business disruption. The project scope included re-platforming of legacy applications for cloud compatibility and network service provisioning for large and complex airline operations.

TCS is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. The company offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services.


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