Shares in Tata Consultancy Services
rose as much 1.5 per cent on Tuesday, a day after India's largest
outsourcer announced a multi-million dollar deal from leading rail
vehicles maker Bombardier Transportation.
The multi-year deal is for managing IT infrastructure of Bombardier's newly-commissioned data centers, TCS said in a release, without revealing financial details of the deal. Germany-based firm Bombardier Transportation is a world leader in rail transportation with operations in over 60 countries. (Read full story)
As of 10.05 a.m., TCS shares traded 1.3 per cent higher at Rs. 2,100 after earlier hitting a high of Rs. 2,108 on the BSE. The stock outperformed the broader Sensex, which traded flat at 20,904. (Track stock)
The win from continental Europe underscores TCS' growing geographical footprint, which is significant at a time when there are question marks about the recovery in the US, the biggest market for Indian outsourcers.
TCS' Central Europe operations - with an operating area cutting across Germany and Austria - comprise over 4,000 professionals, servicing more than 80 leading German and Austrian companies such as Commerzbank, Daimler, Deutsche Bank, Deutschmark Boerse as well as growing set of upper-midsize companies.
Backed by large deal wins from Europe and the US, TCS last week reported better-than-expected quarterly earnings, with its net profit rising 34 per cent to Rs. 4,702 crore.
The multi-year deal is for managing IT infrastructure of Bombardier's newly-commissioned data centers, TCS said in a release, without revealing financial details of the deal. Germany-based firm Bombardier Transportation is a world leader in rail transportation with operations in over 60 countries. (Read full story)
As of 10.05 a.m., TCS shares traded 1.3 per cent higher at Rs. 2,100 after earlier hitting a high of Rs. 2,108 on the BSE. The stock outperformed the broader Sensex, which traded flat at 20,904. (Track stock)
The win from continental Europe underscores TCS' growing geographical footprint, which is significant at a time when there are question marks about the recovery in the US, the biggest market for Indian outsourcers.
TCS' Central Europe operations - with an operating area cutting across Germany and Austria - comprise over 4,000 professionals, servicing more than 80 leading German and Austrian companies such as Commerzbank, Daimler, Deutsche Bank, Deutschmark Boerse as well as growing set of upper-midsize companies.
Backed by large deal wins from Europe and the US, TCS last week reported better-than-expected quarterly earnings, with its net profit rising 34 per cent to Rs. 4,702 crore.
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