TCS surges on entering into partnership with Microsoft Business Solutions

05 Mar 2014

Tata Consultancy Services is currently trading at Rs. 2273.00, up by 30.05 points or 1.34 % from its previous closing of Rs. 2242.95 on the BSE.

The scrip opened at Rs. 2253.05 and has touched a high and low of Rs. 2284.30 and Rs. 2253.05 respectively. So far 13297 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2384.20 on 14-Jan-2014 and a 52 week low of Rs. 1364.00 on 30-Apr-2013.

Last one week high and low of the scrip stood at Rs. 2296.90 and Rs. 2160.00 respectively. The current market cap of the company is Rs. 439332.89 crore.

The promoters holding in the company stood at 73.90 % while Institutions and Non-Institutions held 21.59 % and 4.51 % respectively.

Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organization, has entered into new partnership with Microsoft Business Solutions (MBS) at the annual Microsoft Dynamics Convergence Conference. Through this strategic partnership, TCS and MBS will collaborate on the development of online and on premise versions of Microsoft Dynamics CRM. TCS is one of the select group of systems integrators to be involved in this development, which is a testament to the company’s technical capabilities and deep, working knowledge of Microsoft Dynamics CRM.  

As part of this partnership, TCS has developed a state-of-the-art development center that will support the upcoming releases and updates to the Microsoft Dynamics CRM Roadmap, namely Mira and Leo. The development center is focused on enhancing the roadmap platform through the development of innovative marketing business applications and enhancements to core technology and mobility platforms.

TCS has also invested in a test center which comprises a team of more than 150 highly-skilled engineers. The team is working to identify and create solutions that will improve the user experience, drive process agility and automation, and deliver ‘CRM On The Go' capabilities.

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

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