TCS bags Multi-Year Deal with BBC for Finance and Payroll Transformation

Tata Consultancy Services (TCS) has been selected by The British Broadcasting Corporation (BBC), the world’s leading public service broadcaster, to transform its finance and payroll functions, and manage the underlying application estate for greater agility and resilience. 

Under the multi-year partnership, the company will leverage its contextual knowledge, proprietary platforms, partner ecosystem and future-ready talent pool to power the broadcaster’s media business model reimagination and drive growth. The partnership will entail managing individual processes across strategic as well as transactional finance operations, embedding digital technologies in them to improve efficiency, process velocity and process outcomes. Advanced analytics will provide insights that enable better and faster decision-making. 

The company will leverage TCS Cognix, an AI-driven human-machine collaboration suite that provides pre-built, cloud-based modules leveraging AI, machine learning and intelligent automation, and which integrates well with point solutions from multiple partners. TCS will also provide application management and change delivery services for the broadcaster’s application estate supporting the finance, procurement and HR functions. 

Tata Consultancy Services is the flagship company and a part of Tata Group. It is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive-powered, integrated portfolio of business, technology and engineering services and solutions. 

At 2:30 pm, the shares of Tata Consultancy Services were trading at Rs 3475.30, up 0.12% from its previous closing of Rs 3471.00 on the BSE. 

Today, the stock opened at Rs 3457.00 and has touched a high and low of Rs 3478.50 and Rs 3436.00 respectively.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high and low of Rs 3575.00 and Rs 2926.00, respectively. 

Last one week high and low of the scrip stood at Rs 3549.00 and Rs 3352.05 respectively. The current market cap of the company is Rs 12,71,556.94 crore. 

The promoters holding in the company stood at 72.30%, while Institutions and Non-Institutions held 22.35% and 5.35% respectively. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.