On June 22, Tata Consultancy Services’ share price will remain in focus as it extends its partnership with the UK’s largest workplace pension scheme, Nest.
TCS and Nest expanded their long-standing partnership that focused on digitally transforming Nest’s scheme administration services and delivering enhanced member experiences.

TCS’ digital-first platform, powered by BaNCSTM, will help to transform scheme administration and offer a personalised experience.
TCS will help Nest to transform its admin services using a future-ready, digitally permitted, omnichannel platform powered by TCS BaNCS.

The contract cost was signed for £840 million with an initial tenure of 10 years. The aggregated maximum estimated value of the contract, of its 18-year term, will be £1.5 billion.
The company, for FY22-23, had reported a 14.8% YoY increase in combined net profit at Rs 11,392 crore. The IT services major stated a profit of Rs 10,846 crore in the December 2022 quarter.

Consolidated revenue from operations resulted in Rs 59,162 crore, up 16.9% from Rs 50,591 crore in the last quarter. It stood at Rs 58,229 crore in December FY23.
In constant currency (cc) terms, the revenue rose 10.7% YoY.

Milind Lakkad, Chief Human Resources Officer (CHRO), brings down its attrition rate close to its pre-pandemic range of 12-13% by the second half of the fiscal year 2023-24.
At 9:33 am, TCS was trading at Rs 3,248.30, down Rs 9.15, or 0.28% on the BSE.