TCS gains after winning multi-million dollar contract from Bombardier

TCS rose 1.27% to Rs 2,099.75 at 9:23 IST on BSE after the company won a multi-million, multi-year technology contract to manage Bombardier Transportation's newly commissioned German data centres.

The company made the announcement after market hours on Monday, 21 October 2013.

Meanwhile, the BSE Sensex was down 19.75 points, or 0.09%, to 20,874.14.

On BSE, 17,000 shares were traded in the counter compared with average volume of 1.50 lakh shares in the past one quarter.

The stock hit a high of Rs 2,108 and a low of Rs 2,080 so far during the day. The stock hit a record high of Rs 2,258.05 on 15 October 2013. The stock hit a 52-week low of Rs 1,197.60 on 18 December 2012.

The stock had outperformed the market over the past one month till 21 October 2013, rising 6.18% compared with the Sensex's 3.11% rise. The scrip had also outperformed the market in past one quarter, gaining 19.04% as against Sensex's 3.69% rise.

The large-cap IT company has an equity capital of Rs 195.87 crore. Face value per share is Re 1.

TCS announced that it has been selected by Bombardier Transportation, a global leader in rail transportation technology, to manage its IT infrastructure for newly commissioned data centers. The multi-year, multi-million deal is the first that TCS has signed with a rail-transportation technology provider, TCS said.

As part of the contract, TCS will provide remote infrastructure management (RIM) to Bombardier Transportation's recently established data centers in Germany. The new data centers will establish a leading-edge technology platform for Bombardier, through introduction of private cloud services paired with a high level of virtualization, TCS said.

On a consolidated basis, TCS' net profit rose 20.7% to Rs 4633 crore on 16.6% growth in revenue to Rs 20977 crore in Q2 September 2013 over Q1 June 2013.

TCS is an IT services, consulting and business solutions organization. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services.

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