India's TCS bags multi-million contract from industrial giant ABB


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 consolidatedmultiple 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)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read