TCS rose 0.63% to Rs 2,536.95 at 9:18 IST on BSE after the company said it tied-up with US-based Cloudera to offer Big Data and analytics services globally.
The company made the announcement after market hours on Monday, 25 August 2014.
Meanwhile, the BSE Sensex was down 15.66 points, or 0.06%, to 26,421.36.
On BSE, so far 3,871 shares were traded in the counter, compared with an average volume of 78,382 shares in the past one quarter.
The stock hit a high of Rs 2,544.30 and a low of Rs 2,521 so far during the day. The stock hit a record high of Rs 2,613.35 on 25 July 2014. The stock hit a 52-week low of Rs 1,815 on 26 August 2013.
The stock had underperformed the market over the past one month till 25 August 2014, falling 3.22% compared with 1.19% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 18.51% as against Sensex's 7.06% rise.
The large-cap company has an equity capital of Rs 195.87 crore. Face value per share is Re 1.
TCS announced a partnership with Cloudera, a leader in enterprise analytic data management powered by Apache Hadoop, certifying TCS' global team of Big Data experts through the Cloudera Certified Professional (CCP) program. TCS' products are also validated through the Cloudera Certified Technology Program (CCTP), which was created to simplify technology buyers' adoption of Apache Hadoop platforms and applications that have been tested, validated and certified to work with a Cloudera enterprise data hub.
"In our client engagements and market research, we find that Big Data is playing a central role in helping enterprises reimagine their businesses. Hadoop is fast becoming the platform of choice for Big Data analytics. We have seen Cloudera's pioneering contributions to the Hadoop ecosystem right from 2008 and have been partnering with them in several client engagements across several industries in the last few years," said Dr. Satya Ramaswamy, Global Head for TCS Digital Enterprise. "We are excited about our partnership with Cloudera in bringing cost effective Big Data analytics to our customers around the world by combining TCS' deep domain knowledge, Big Data products and engineering strength with Cloudera's Hadoop distribution, innovation and expertise."
TCS enables its customers to fully leverage Cloudera Enterprise data hubs through its extensive range of Big Data solutions, including strategy definition, use case identification, infrastructure setup and management, application development and maintenance, testing, advanced analytics, and predictive modeling. Moreover, TCS' Global Network Delivery Model (GNDM) leverages diverse technical, language and domain-specific capabilities to deliver the highest quality, timely solutions.
"TCS has invested in Cloudera by forming the world's largest group of Cloudera Certified Professionals, while also developing capabilities on Cloudera Enterprise," said Tom Reilly, chief executive officer of Cloudera. "Together, we have a strong track record of delivering results to customers on their Big Data journey. By working with TCS, customers can be confident that they have the right foundation and capabilities to reach success. We are proud to be partners with TCS and continue our combined growth in the years ahead."
TCS reported 3.9% growth in consolidated net profit to Rs 5568 crore on 2.6% growth in revenue to Rs 22111 crore in Q1 June 2014 over Q4 March 2014. The bottom line was boosted by an exceptional item viz. a write back of depreciation charge of Rs 489.75 crore (net) due to a change in deprecation policy. Operating profit dropped 6% to Rs 5935 crore in Q1 June 2014 over Q4 March 2014.
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. TCS offers a consulting-led, integrated portfolio of IT, BPS,infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model, recognized as the benchmark of excellence in software development. A part of the Tata group, India's largest industrial conglomerate, TCS has over 300,000 of the world's best-trained consultants in 46 countries.
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