TCS Wins Largest Outsourcing Contract Worth $2.25 Billion

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    As per reports, the IT major company TCS bagged an outsourcing contract valued at $2.25 billion. Rajesh Gopinathan, CEO of the company claims it to be the largest deal ever won by any player in the industry.

    TCS Wins Largest Outsourcing Contract Worth $2.25 Billion
     

    The multi-billion dollar contract has been signed with Nielson thus renewing the earlier tie-up between the two companies. Nielsen, headquartered in the UK, is the data, information and measurement company.

    In 2007, TCS entered into a 10-yeat contract with Nielson worth $1.2 billion. The contract in the year 2013 got extended for a further time period of 3 years until 2020 with deal size also doubled to $2.5 billion.

    The deal assures the IT major a business of $320 million from Nielsen from 2017-2020 on a yearly basis. The statement by the TV ratings measurement company said, "The term of the Agreement has been extended for an additional five years, so as to expire on December 31, 2025, with three one-year renewal options granted to Nielsen".

    We experienced robust volume growth in Q2, driven by good demand across multiple industry verticals. Strong, broad-based client metrics this quarter demonstrates our increasing success with newer customers. Large deal wins this quarter, a good pipeline, and bottoming out of the retail sector softness positions us well," Rajesh Gopinathan added. "We have been using the Internet of Things and Artificial Intelligence technologies to optimize our clients' systems," Rajesh Gopinath said

    Goodreturns.in

    Read more about: tcs nielsen outsourcing
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more