TCS rises on launching center of excellence for IoT in Hyderabad in collaboration with Intel

TCS is currently trading at Rs. 2374.00, up by 22.10 points or 0.94% from its previous closing of Rs. 2351.90 on the BSE.

The scrip opened at Rs. 2370.00 and has touched a high and low of Rs. 2381.25 and Rs. 2359.55 respectively. So far 3,865 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2810.00 on 04-Mar-2015 and a 52 week low of Rs. 2346.95 on 18-Nov-2015.

Last one week high and low of the scrip stood at Rs. 2465.00 and Rs. 2346.95 respectively. The current market cap of the company is Rs. 4,67,878.00 crore.

The promoters holding in the company stood at 73.86% while Institutions and Non-Institutions held 21.62% and 4.52% respectively.

Tata Consultancy Services (TCS) has launched a new Center of Excellence (CoE) for Internet of Things (loT) solutions in collaboration with Intel. The state-of-the-art Center will be located at the TCS Hyderabad Campus. The Center will focus on developing new use cases for various vertical industries and create solution accelerators around Intel technologies for global customers in Manufacturing, Retail, Hi-Tech, Semiconductors, Healthcare and Telecom industries. The primary focus of the Center is to integrate loT solutions developed by TCS on Intel' loT platforms and to fast track creation of end-to-end solutions.

This collaboration will enable the creation of indigenous and innovative solutions, establish a strong ecosystem of loT, cloud computing and Software Defined Network (SDN). Besides, this will also help in creating new business opportunities, simplify product development and help customers deal with rapid changes in technology.

Intel will provide the new Intel' loT Platform reference architecture for smart and connected things to enable the development of secure and integrated smart solutions. The platform provides a blueprint for delivering innovations to market faster by reducing complexity and defining how smart devices will securely connect and share trusted data to the cloud.

TCS is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. The company offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services.