Shares of Tata Consultancy Services were trading 2.% above and close to their 52-week high on 5 October after the Georgia Department of Labour selected the company.

The Georgia Department of Labor (GDOL) selected the company to replace its 1980s-era legacy platform with a proven, secure, agile, and scalable cloud-based unemployment insurance system.

Robert Kane, Chief Commercial Officer, US Public Services of TCS, said, “We are pleased to partner with the Georgia Department of Labor in their digital transformation journey to create a new seamless and secure unemployment system that will meet the evolving needs of claimants and employers, streamline claims processing, reduce errors, prevent fraud, and improve the overall user experience.”

The new web-based platform that has a human-centric design will make it easier for Georgians to apply for unemployment health benefits, check the status of their claims, securely upload documents, and receive important news updates.

On 4 October, the company also announced securing a multi-year deal with British retail giant Asda to support its digital transformation operating model after they parted from Walmart.

At 12:52 pm, Tata Consultancy Services shares were trading at Rs 3,586 or 1.36% above its previous close on NSE.