Shares of Tata Consultancy Services Ltd. (TCS) dropped 3.5% from a day’s high of Rs 4,497.05 on 18th September, despite the company announcing a deal with McDonald’s Philippines to modernise IT systems across its 760+ outlets.

TCS has signed a deal with Golden Arches Development Corporation (GADC), the master franchise holder of McDonald’s in the Philippines. This is TCS’s first partnership with McDonald’s in the APAC region, aiming to standardise and digitise IT operations across its 760+ outlets in the Philippines.

The company will upgrade McDonald’s IT systems in the Philippines to the cloud using SAP S/4HANA on RISE. This upgrade will enhance IT infrastructure, providing better insights, improved decision-making, and optimised operational performance, leveraging TCS’s expertise in SAP-led business systems transformation.

Margot Torres, Managing Director of GADC, stated that implementing SAP S/4HANA on RISE will enhance agility with data-driven insights, helping to continuously improve customer and employee experiences.

TCS will future-proof GADC’s processes to support its growth plan by providing integration services through the SAP Business Technology Platform (BTP), including app development, automation, data analytics, and artificial intelligence.

Shiju Varghese, Country Head at TCS Philippines, said SAP S/4HANA and SAP BTP will boost McDonald’s efficiency and customer experience, driving business innovation.

TCS will integrate SAP capabilities to improve GADC’s financial, material, asset, project, sales, distribution, user interface, and data management.

Rudy Abrahams, President and Managing Director at SAP Philippines, noted that SAP S/4HANA on RISE will provide McDonald’s with advanced technology to stay competitive in the food service industry.

At 12:53 PM, the shares of TCS were trading 3.40% lower at Rs 4,352.40 on NSE.

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