Signals, Powered By EquityPandit
Tata Consultancy Services (TCS) has received the the highest ever outsourcing contract by any Indian IT company, worth USD 2.25 billion, from television ratings firm Nielsen. The contract is a renewal of the 10-year deal signed in 2008 for USD 1.2 billion.
TCS will give professional services relating to information technology (including application development and maintenance), business process outsourcing, client service knowledge process outsourcing, management sciences, analytics, and financial planning to Nielsen.
Further, Nielsen stated that the terms of the agreement has been extended for an additional 5 years, which will expire on December 31,2025, with 3 one year renewal option granted to Nielsen.
