TCS rose 0.46% to Rs 2,510.95 at 09:49 IST on BSE after the company signed a multi-year contract with Virgin Atlantic Airways covering private cloud, Infrastructure-as-a-Service and IT support services.
The announcement was made after market hours yesterday, 20 January 2015.
Meanwhile, the BSE Sensex was up 135.25 points, or 0.47%, to 28,919.80
On BSE, so far 15,397 shares were traded in the counter, compared with an average volume of 83,257 shares in the past one quarter.
The stock hit a high of Rs 2,519 and a low of Rs 2,503 so far during the day. The stock hit a record high of Rs 2,834 on 7 October 2014. The stock hit a 52-week low of Rs 2,000.50 on 19 May 2013.
India's largest IT services provider by sales has an equity capital of Rs 195.87 crore. Face value per share is Re 1.
TCS yesterday, 20 January 2015 said that the company was selected by Virgin Atlantic Airways (VAA), one of the UK's leading airlines, to provide fully managed services to transform and optimize its IT processes, applications and infrastructure. TCS will set up a private cloud for Virgin Atlantic and provide services including Infrastructure-as-a-service, end user Services and application support services across the whole of Virgin Atlantic's technology landscape.
The initiative is a part of Virgin Atlantic's strategy to invest in operational efficiencies and innovations to help it maintain its market leadership. The project will create a service that is easy and straight-forward to administer whilst providing VAA with a progressive, industry leading portfolio of IT services. Through this partnership, Virgin Atlantic will also gain access to TCS' Airline and Digital Innovation Labs, facilities designed to support the development of solutions that address the changing needs and expectations of the new digital consumer.
TCS' consolidated net profit rose 1.6% to Rs 5328 crore on 2.9% growth in revenue to Rs 24501 crore in Q3 December 2014 over Q2 September 2014. The result hit the market after market hours on 15 January 2015.
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.
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