Tata Consultancy Services has entered into a strategic partnership with Amazon Web Services (AWS) to accelerate its customers` cloud transformation journey at scale. This new strategic transformation agreement with AWS will enable TCS to facilitate full-stack digital transformation of its customers by leveraging data and generative artificial intelligence (AI) solutions on AWS.Through this multi-year tie-up, TCS will provide its customers with tools to create modern architectures, deliver business value using state-of-the-art cloud-native capabilities and drive modernization at scale. These include a clear cloud modernization roadmap, access to modernization platforms and tools, exclusive investment models and technology betas, and proof-of-concept (POC) projects. The customers selected for this program are globally distributed across all verticals, particularly within banking and financial services, life sciences, healthcare, travel, transportation, hospitality, manufacturing, automotive, and communications and telecom.While cloud modernization can lend organizations next-gen capabilities, they are comprehensive and require converting, rewriting, or porting legacy systems to modern technology platforms. The initiative by TCS and AWS is focused on removing these barriers and realizing faster time-to-value. It offers customers a unique opportunity to leverage AWS`s cutting-edge technologies and TCS` contextual knowledge and ability to build branded intellectual property (IP) on AWS. TCS is uniquely positioned to lead large-scale continuous modernization with a deep understanding of customers` domains. This includes significant investment in industry platforms. As part of this collaboration, AWS will support TCS in upskilling and certifying 25,000 members of its workforce on AWS, creating a modernization champion team with modernization specialists.Powered by Capital Market - Live News

Tata Consultancy Services announced a new delivery center in Londrina, Paran�, Brazil. This new center will create more than 1,600 new job opportunities over the next five years, contribute to the local economy and strengthen TCS` presence in the region.Present in Londrina since 2018, TCS employs around 1,700 people in the city. The new centralized campus will bring the city workforce under one roof, creating a vibrant hub for collaboration and innovation in Londrina. The delivery center will specialize in key areas such as Business Transformation, Artificial Intelligence, and Cognitive Business Operations, offering a comprehensive suite of IT services to clients in Brazil and around the world.Powered by Capital Market - Live News

Tata Consultancy Services announced that the Board of Directors of the Company at its meeting held on 12 April 2024, has recommended a Final dividend of Rs.28 per share (i.e.2800%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Tata Consultancy Services rose 9.15% to Rs 12434.00 crore in the quarter ended March 2024 as against Rs 11392.00 crore during the previous quarter ended March 2023. Sales rose 3.51% to Rs 61237.00 crore in the quarter ended March 2024 as against Rs 59162.00 crore during the previous quarter ended March 2023.For the full year,net profit rose 8.92% to Rs 45908.00 crore in the year ended March 2024 as against Rs 42147.00 crore during the previous year ended March 2023. Sales rose 6.85% to Rs 240893.00 crore in the year ended March 2024 as against Rs 225458.00 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales61237.0059162.00 4 240893.00225458.00 7 OPM %28.0326.66 -26.6926.28 - PBDT18095.0016677.00 9 67940.0061929.00 10 PBT16849.0015391.00 9 62955.0056907.00 11 NP12434.0011392.00 9 45908.0042147.00 9 Powered by Capital Market - Live News

Tata Consultancy Services will hold a meeting of the Board of Directors of the Company on 12 April 2024.Powered by Capital Market - Live News