"The multi-year, multi-million deal, is the first that TCS has signed with a rail-transportation technology provider," TCS said in a release. It did not reveal financial details of the deal. Bombardier Transportation is a world leader in rail transportation with operations in over 60 countries.
As part of the contract, TCS will provide remote infrastructure management (RIM) of Bombardier Transportation's recently established data centres in Germany. The new data centres will establish a technology platform for Bombardier, through introduction of private cloud services paired with a high level of virtualisation, the statement said.
Also Read: TCS plans lateral hiring; ups FY14 target to 50,000
TCS will also provide SAP Basis support to Bombardier Transportation. "India is central to Bombardier's Information Services strategy - our relationship with TCS offers operational excellence in markets around the world," Bombardier Transportation Vice President Thomas Leidenbach said.
Sapthagiri Chapalapalli, Head of Central Europe at TCS, said: "This is a strategic step forward for TCS as it establishes us as a partner of choice for infrastructure services in the German market." TCS' Central Europe operations (an operating area cutting across Germany and Austria) comprise over 4,000 professionals, servicing more than 80 leading German and Austrian companies such as Commerzbank, Daimler, Deutsche Bank, Deutsche Börse, as well as growing set of upper midsize companies.
Backed by large deal wins from Europe and the US, TCS last week announced better than expected 34 per cent jump in net profit to Rs 4,702 crore for the July-September quarter this year.
On October 21, 2013, Tata Consultancy Services closed at Rs 2073.50, down Rs 46.9, or 2.21 percent. The 52-week high of the share was Rs 2258.05 and the 52-week low was Rs 1197.60.
The company's trailing 12-month (TTM) EPS was at Rs 77.34 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 26.81. The latest book value of the company is Rs 165.86 per share. At current value, the price-to-book value of the company was 12.50.
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