TCS renews its strategic partnership with Marks and Spencer

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global leader in IT services and consulting today announced the renewal of its major, multi year strategic partnership with Marks & Spencer (M&S). This continuing engagement builds on the more than a decade long trusted partnership between the two organisations and will see TCS continue to serve as M&S's strategic technology partner as the retailer embeds its technology transformation.

As part of this continuing partnership, TCS will support M&S as it transforms to become an omnichannel, data driven retailer supported by globally best-in-class modern technologies. TCS will utilise AI in its transformation approach-supported by its extensive domain expertise and one of the world's largest AI talent pools. This will support future-readiness, provide the right base for long term growth, and create superior customer experience.

Sacha Berendji, Operations Director, Marks and Spencer, said, "Technology transformation is a key strategic priority for M&S as we invest for growth. Having the right suite of partners, with access to the latest developments in AI and digital expertise is imperative. I am pleased that we are extending our partnership with TCS, who will work alongside our in-house team as we accelerate our digital transformation."

Krishnan Ramanujam, President - Consumer Business Group, Tata Consultancy Services, said, "M&S is a highly cherished and iconic British brand, that has always been at the forefront of retail innovation. We are proud of our long-standing partnership and delighted to be chosen to support its enterprise transformation. Our strong contextual knowledge of M&S's business helped lead the digital wave for M&S. As M&S now accelerates its technology transformation we look forward to bringing our enterprisescale AI capabilities, deep retail expertise, and engineering leadership to create sustained value, business agility, and a future-ready retail enterprise."

Shares of Tata Consultancy Services Limited was last trading in BSE at Rs. 2587.75 as compared to the previous close of Rs. 2559.80. The total number of shares traded during the day was 735772 in over 45546 trades.

The stock hit an intraday high of Rs. 2605.00 and intraday low of 2530.20. The net turnover during the day was Rs. 1898516497.00.

Source : Equity Bulls

Keywords

TataConsultancyServices INE467B01029 TCS Renewal MarksandSpencer Partnership