TCS rises on signing multi-year deal with Air France-KLM

Tata Consultancy Services is currently trading at Rs. 4143.70, up by 4.90 points or 0.12% from its previous closing of Rs. 4138.80 on the BSE.

The scrip opened at Rs. 4184.00 and has touched a high and low of Rs. 4205.25 and Rs. 4085.05 respectively. So far 38398 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4585.90 on 02-Sep-2024 and a 52 week low of Rs. 3322.35 on 10-Nov-2023.

Last one week high and low of the scrip stood at Rs. 4205.25 and Rs. 3915.00 respectively. The current market cap of the company is Rs. 1500963.61 crore.

The promoters holding in the company stood at 71.77%, while Institutions and Non-Institutions held 23.57% and 4.67% respectively.

Tata Consultancy Services (TCS) has signed a multi-year deal to help Air France-KLM, a Europe-based global aviation leader in passenger transport, cargo transport and aeronautical maintenance, become the most data-centric airline group in the world. Over the next three years, TCS will modernize the airline group's data by moving it to cloud, promoting the next generation of data-driven aviation. This shift will help Air France-KLM exit data centers and harness the strength of the cloud, supporting a sustainable and adaptive aviation industry. The new data architecture will enable the use of data to enhance operations, drive decisions, improve functionality, and gain efficiency.

The company has partnered with Air France-KLM for 30 years to enhance reliability, social media, customer service, and e-commerce. Their digital innovations, including a suite of award-winning mobile apps and features like digital queuing in airport lounges and boarding pass collection via social media, have improved passenger control and comfort. Building on this longstanding partnership, TCS will now assist Air France-KLM in migrating its critical systems and core business data to the cloud, encompassing key areas such as flight operations, passenger information, aircraft maintenance, the airlines e-commerce platforms and much more.

This migration will enhance operational efficiency across all business lines, ensuring seamless and secure data management as well as modernize the technology landscape enabling new possibilities. 

TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses. TCS offers a consulting-led, cognitive powered, integrated portfolio of IT, business & technology services, and engineering.