TCS Partners With Google Cloud to Launch AI-Powered Cybersecurity Solutions, Shares Gain

Tata group IT Sector company Tata Consultancy Services (TCS) share today gained 0.53% after the company via its BSE filing declared its partnership with Google Cloud to launch AI-Powered Cybersecurity Solutions to deal with advanced threats.

According to the BSE filing dated September 3, 2024, "this partnership aims to strengthen cyber resilience for enterprises across industries and empower them with domain-focused innovation with cuttingedge technologies from TCS and Google Cloud."

The TCS Managed Detection and Response (MDR) solution, powered by Google Security Operations platform, will enable security teams to reduce the time required to detect, and respond to threats. It combines the hyperscaler's advanced threat detection capabilities with TCS' contextual knowledge to enable continuous security monitoring and round-the-clock response. The TCS Secure Cloud Foundation leverages capabilities from Google Cloud's security solutions to strengthen cloud security posture and governance across single, multi, and hybrid cloud environments by embedding security and compliance guardrails throughout the DevSecOps lifecycle, added the exchange filing.

Ganesa Subramanian, VP and Global Head, Cybersecurity Business Group, TCS, said, "Businesses are rapidly transforming, and they must secure their transformation journey to grow with confidence. The rise of Generative AI further underscores the need to modernize cybersecurity and strengthen cyber resilience. This partnership brings together the best of capabilities, contextual knowledge, and accelerators from TCS and Google Cloud to holistically protect the digital estates of enterprise customers, to help them be future-ready, cyber resilient businesses."

TCS Share Performance: The 52-week high price of Tata Consultancy Services share on BSE is Rs 4585.90 apiece (as on 02/09/2024) and 52-week low price is Rs 3,313.00 per share (as on 01/11/2023), respectively. The large cap IT Software giant of Tata Group has a market capitalisation of Rs 16,42,394.65 crore on BSE. Tata Consultancy Services shares gave return of 22% in last 3-months. TCS shares rallied over 34% in last 1-year, soared 45% in last 2-years, and gave return of 101% in last 5-years. In last 10-years, TCS stock offered return of 249%.

TCS Dividend: The company on July 11 said, "We would like to inform you that at the Board Meeting held today, the Directors have declared an interim dividend of Rs 10 per Equity Share of Re 1 each of the Company. The interim dividend shall be paid on Monday, August 5, 2024, to the equity shareholders of the Company, whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Saturday, July 20, 2024, which is the Record Date, fixed for the purpose."

TCS Bonus Share History: The IT company announced 3 bonus issues since July 28, 2006. Last bonus issue of TCS was declared in the ratio of 1:1 with ex-date declared as May 31, 2018, according to data available at Trendlyne.