Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) announced that it has expanded its partnership with Randstad, a world leading HR services company, to modernize the latter's application estate on the cloud, strengthen the security posture and accelerate its growth and transformation journey.
Randstad selected TCS as the strategic transformation partner in 2016 to implement its strategy of using digital technologies with a human approach, to source the right talent for the right roles. During the first phase of its digital transformation, TCS drove one of the largest public cloud migration projects then - moving over 925 IT applications from over 50 legacy data centers across the world to a public cloud.
In the current phase of Randstad's transformation journey, TCS will leverage its contextual knowledge, deep domain expertise, vast partner ecosystem and AWS capabilities to accelerate Randstad's cloud rationalization and application modernization. This will be achieved with a mix of Software as a Service and more cloud native applications leveraging Platform as a Service.
TCS will also improve the security posture of Randstad by onboarding and rolling out global security services and scaling the global DevSecOps platform. By modernizing Randstad's digital core on AWS, TCS will help unify and scale up many services, such as information security, network, service control, service management, business application management, and business application hosting. All this is expected to result in a new secure, client-centric cloud operating model that enables higher quality service delivery to local members of the Randstad Group.
Martin de Weerdt, Global Chief Information Officer, Randstad, commented: "We look forward to continuing our long-term relationship with TCS, which to date has delivered strong results including a successful cloud infrastructure project. This new agreement to modernize our technology landscape will enable us to deliver cloud modernization, with higher operational efficiency gains and improved security resilience with proactive prevention, faster detection and response."
Krishna Mohan, Global Head, AWS Business Unit, TCS, said: "We are pleased to partner with Randstad to accelerate their digital transformation journey, building on our previous success in managing their public cloud migration. With our deep domain knowledge of the professional services industry and expertise on the AWS platform, we will help Randstad achieve their cloud-first modernization vision, enhance customer experience, improve business resilience, and drive long-term growth, and profitability."
TCS AWS Business Unit is a full-stack, multidisciplinary group that offers enterprise customers end-to-end services and solutions around cloud migration, application and data modernization, managed services, and industry-specific innovation leveraging AWS. TCS' large pool of AWS cloud-ready professionals leverage their domain knowledge and AWS technology building blocks to create transformational solutions contextualized to specific industry sub-verticals.
TCS' Software & Services unit enables software and professional services organizations to achieve sustainable, ecosystem-led and purpose-driven growth. The company's offerings around software product engineering, cognitive computing with embedded AI/ML, data & analytics, automation, cloud, blockchain and cyber security as well as innovative industry domain solutions enable customers to achieve their transformational goals.
Shares of Tata Consultancy Services Limited was last trading in BSE at Rs. 3354.05 as compared to the previous close of Rs. 3332.65. The total number of shares traded during the day was 196455 in over 14413 trades.
The stock hit an intraday high of Rs. 3367.00 and intraday low of 3322.05. The net turnover during the day was Rs. 658774252.00.