TCS launches a new Generative AI offering for its clients!

Tata Consultancy Services (TCS) is a global IT services and consulting organization with over 55 years of experience. It partners with major businesses worldwide, offering a comprehensive portfolio of services and solutions. TCS is known for its consulting-led approach, cognitive capabilities, and innovative delivery model. As part of the Tata group, TCS operates in 55 countries with a team of over 6,14,000 skilled consultants. TCS is recognized for its commitment to sustainability and has been included in renowned sustainability indices.

Tata Consultancy Services (TCS) has expanded its partnership with Microsoft, focusing on Azure Open AI. TCS plans to train and certify 25,000 associates on Azure Open AI to accelerate client adoption. They have also launched the Generative AI Enterprise Adoption offering, leveraging TCS’ knowledge and Azure Open AI to enhance customer experience and drive growth. Co-innovation will occur at TCS Pace Ports, with collaboration from academic researchers and start-ups.

TCS will also assist clients in adopting GitHub Copilot for faster code development. TCS enhances its own products, such as TCS Optumera, using generative AI to optimize retail operations. Additionally, TCS supports clients in building strong foundations for AI initiatives with clean data and modernized analytics systems. They utilize solutions like TCS Daezmo and TCS Datom to enable data maturity and develop holistic strategies. The company remains at the forefront of AI innovation, utilising Microsoft’s technologies to drive business transformation.

The company has delivered returns of 51% over the past 3 years and returns of 74% over the past 5 years. Additionally, the company has a great ROCE of 59.1% and an ROE of 46.9%. Moreover, the company has a healthy dividend payout ratio of 61.4%.

On Thursday, shares of the company dipped by 0.25% to trade at Rs 3,312.05.

Investors should keep a close eye on this tech stock.

Disclaimer: This blog is exclusively for educational purposes. The securities quoted are exemplary and are not recommendatory.