Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Tech Mahindra announces multi-year agreement to accelerate AT&T's Technology Transformation

Posted On: 2019-09-05 19:11:45

Tech Mahindra Ltd. a leading provider of digital transformation, consulting and business reengineering services and solutions, today announced expansion of its strategic collaboration with AT&T to accelerate AT&T's IT network application, shared systems modernization and movement to the cloud. Tech Mahindra will assume management of many of the applications which support AT&T's network and shared systems.

The multi-year agreement will enable AT&T to focus on core objectives, including having the most advanced software defined 56 network, and migrate the majority of its non-network workloads to the public cloud by 2024. This comprehensive program will help drive sustainable operational improvement across the network and software development domains.

Jon Summers, cro, AT&T Communications, said, "Our agreement with Tech Mahindra is another step forward in delivering greater flexibility across our IT operations. This includes optimizing our core operations and modernizing our internal network applications to accelerate innovation as we march forward to our goal of a nationwide 5G network by the first half of 2020. Our collaboration with Tech Mahindra will ultimately help accelerate our network operations and overall technology leadership."

Together, AT&T and Tech Mahindra aim to improve the agility in rolling out and supporting networks of the future, while improving returns on investment through technology-led transformation AT&T and Tech Mahindra will integrate several world class technologies and platforms in areas like artificial intelligence, DevOps, data analytics and 5G.

CP Gurnani, MD & CEO, Tech Mahindra, said, "This is a step towards elevating Tech Mahindra's long standing strategic relationship with AT&T to help make the vision of a 5G-enabled future, a reality. As part of our TechMNxt charter, Tech Mahindra is betting big on 5G - network of the future, and is focused on technology-led innovation to enable digital transformation for our customers globally."

The transformation roadmap also aims to optimize AT&T's IT application footprint by aggregating functionalities, while optimizing business processes, costs, efficiencies and overall quality.

Manish Vyas, President, Communications, Media and Entertainment Business and the CEO, Network, Tech Mahindra, said, "Our aim is to significantly boost AT&T's 5G time-to-market and simultaneously reduce their cost of ownership by automating aspects oftheir network lifecycle. We look forward to a continued strategic relationship with AT&T to drive innovation in technology and network ecosystem while delivering value and quality to our customers."

As a part of its TechMNxt charter, Tech Mahindra is focused on leveraging next gen technologies to cater to the customer's evolving and dynamic needs. As a leading global digital transformation company, Tech Mahindra continues to deliver tangible business value and experiences to solve real business problems.

Shares of TECH MAHINDRA LTD. was last trading in BSE at Rs.695.35 as compared to the previous close of Rs. 702.85. The total number of shares traded during the day was 41047 in over 2157 trades.

The stock hit an intraday high of Rs. 710 and intraday low of 691.1. The net turnover during the day was Rs. 28652471.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

CIL's output up 10.7% in Jan'20

WABCO India Ltd Q3 PAT up QoQ at Rs. 38.69 crores

IndiGo appoints Ronojoy Dutta as Whole Time Director & CEO

YES BANK launches XLrate Savings Account, offering higher returns for customers

GAIL organises Industry Meet on Digital Transformation

Sundram Fasteners Ltd commences commercial production at Sri City plant

Alembic Pharmaceuticals announces USFDA Final Approval for Azithromycin Tablets USP, 600 mg

Ujjivan Small Finance Bank Ltd announces resignation of Mr. Sachin Bansal as independent director

Vindhya Telelinks Ltd board to consider Q3 results on Feb 7, 2020

Godfrey Phillips India Ltd clarifies on stake sale by promoter entities

Cipla Ltd receives EIR for Invagen facility

Karnataka Bank board approves QIP

HCL Infosystems Reports Revenue of Rs. 429 Crore in Q3 FY20

Adani Green Energy Ltd allotted 700 MW Wind - Solar Hybrid Power Project

CCL Products (India) Ltd board declares interim dividend of Rs. 2

Maruti Suzuki announces price increase of select models from Jan 27, 2020

NTPC to acquire stake in in NEEPCO, THDC from Government of India

Music Broadcast Ltd Board recommends 1:4 Bonus Issue

Mount Shivalik Industries Ltd announces end of lease agreement for restaurant

Karnataka Bank Limited board recommends 1:10 bonus issue

CCL Products India Ltd Q3 consolidated net profit climbs to Rs. 46.99 crores

Confidence Petroleum India Ltd consolidated Q3 PAT at Rs. 18.05 crores

Kriti Industries India Ltd posts net profit of Rs. 3.98 crore in Q3 FY20

Bhansali Engineering Polymers Ltd reports Rs. 16.91 crores PAT in Q3

IIFL Finance Ltd Q3 consolidated PAT jumps to Rs. 153.36 crores

V2 Retail Ltd Q3 FY20 net profit at Rs. 20.75 crores

Music Broadcast Ltd Q3 net profit at Rs. 10.18 crore

United Spirits Ltd consolidated Q3 net profit up at Rs. 235.3 crores

Gulshan Polyols Ltd posts net profit of Rs. 4.77 crore

Artson Engineering Ltd reports Q3 FY20 loss of Rs. 1.20 crore

SNL Bearings Ltd Q3 PAT lower at Rs. 0.50 crore

Gandhi Special Tubes Ltd Q3 PAT slides to Rs. 4.54 crore

Vinyoflex Ltd Q3 net profit at Rs. 0.62 crore

JK Paper Ltd consolidated Q3 net profit rises to Rs. 131.86 crores

TATA Steel Long Products Ltd posts Rs. 112.19 crores loss in Q3 FY20

Prakash Industries Registers Growth in Sales Volume during Q3

Torrent Pharmaceuticals Ltd board approves fund raising of Rs. 5000 crores

Prakash Industries Ltd to participate in coal block auctions

PTC India Financial Services Ltd reports Rs. 43.06 crores consolidated profit in Q3 FY2020

Varun Mercantile Ltd posts PAT of Rs. 0.05 crore in Q3

Torrent Pharmaceuticals Ltd consolidated Q3 FY2020 net profit higher at Rs. 251 crores

H G Infra Engineering Ltd Q3 FY20 consolidated PAT slips to Rs. 33.49 crore

Reliance Chemotex Industries Ltd Q3 PAT at Rs. 2.44 crore

LMW Q3 consolidated PAT falls to Rs. 3.25 crore

Ramco Industries Ltd invests in Lynks Logistics Ltd

IndiGo reports net profit of INR 4,960 million and EBITDAR of INR 19,607 million in Q3 FY20

Suncare Traders Ltd Board approve Sub-Division of Equity Shares & Bonus Issue

HDFC Q3 consolidated PAT rises YoY to Rs. 3835.38 crores

Shanthi Gears Ltd reports lower PAT of Rs. 6.09 crores in Q3

TCS Recognized as a Leader in the IDC MarketScape for European Managed Cloud Services







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019