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TCS jumps on inking pact with Savvis to launch cloud-enabled TCS BaNCS hosted offering

Tata Consultancy Services Ltd. | IT - Software | IT & ITES | BSE: 532540 | NSE: TCS

25 Jul 2012 Evaluate

TCS is currently trading at Rs. 1211.90, up by 2.90 points or 0.24% from its previous closing of Rs. 1209.00 on the BSE.

The scrip opened at Rs. 1205.80 and has touched a high and low of Rs. 1215.40 and Rs. 1196.45 respectively. So far 91,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1294.80 on 04-May-2012 and a 52 week low of Rs. 902.90 on 22-Aug-2011.

Last one week high and low of the scrip stood at Rs. 1227.85 and Rs. 1195.25 respectively. The current market cap of the company is Rs. 2, 37,195 crore.

The promoters holding in the company stood at 73.98% while Institutions and Non-Institutions held 21.34% and 4.68% respectively.

Tata Consultancy Services’ (TCS) - TCS BaNCS has signed an agreement with Savvis, a CenturyLink company and global leader in cloud infrastructure and hosted IT solutions for enterprises, which will allow the TCS BaNCS suite of products to be offered on a cloud-enabled hosted environment in North America.

As part of this agreement, the TCS BaNCS platform will be hosted on Savvis’ enterprise-class infrastructure. The platform comprises an array of customer-configurable solutions, including Core Banking, Payments, Anti-Money Laundering (AML) Corporate Actions and Insurance covering property and casualty as well as life and annuities.

TCS leverages its deep experience of providing similar TCS BaNCS-based hosted platforms in Europe and other parts of the world. The offering allows firms to configure their solution and IT infrastructure needs that will deliver on the ‘We manage, you control’ paradigm, including improvements for firms on their cost per business transaction.

TCS Financial Solutions is a strategic business unit of Tata Consultancy Services. Dedicated to providing business application solutions to financial institutions globally, TCS Financial Solutions has compiled a comprehensive product portfolio under the brand name of TCS BaNCS.

TCS Share Price

2578.45 -3.20 (-0.12%)

20-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	2578.45
Infosys	1311.95
HCL Tech.	1428.35
Wipro	202.40
Tech Mahindra	1504.10
View more..

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TCS jumps on inking pact with Savvis to launch cloud-enabled TCS BaNCS hosted offering

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