India's TCS bags multi-million contract from industrial giant ABB
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A man walks past a logo of Tata Consultancy Services (TCS) before a press conference announcing the company's quarterly results in Mumbai, India, January 11, 2024. REUTERS/Francis Mascarenhas
BENGALURU, July 13 (Reuters) - Tata Consultancy Services has secured a multi-million contract from Swiss-Swedish industrial technology firm ABB, India's top software services firm said on Monday.
Here are some details:
• TCS will design and run ABB's global network ecosystem as an AI-driven service and secure its infrastructure through cybersecurity offerings.
• The Indian firm did not provide details including financials and the duration of the deal.
• The contract is an extension of a 20-year partnership between the companies, where TCS had previously consolidated multiple accounting software into a single SAP platform for ABB.
• TCS shares were up 5.5% at 2,182 rupees as of 14:23 p.m. IST
(Reporting by Sai Ishwarbharath B in Bengaluru; Editing by Sonia Cheema)
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