Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) announced plans to continue growing its footprint in Minnesota by expanding its hiring program in the coming year and accelerating its STEM outreach efforts in local schools to cover 50% more students and teachers.
"We're incredibly excited that a global leader in STEM jobs and education programs is expanding here in Minnesota, adding over 100 new jobs to our economy," said Governor Tim Walz. "Minnesota knows that when our people thrive, our businesses thrive. Our strong tradition of innovation and investing in skills and job training make Minnesota an ideal destination for partnerships with high-tech businesses like TCS. We look forward to continuing this partnership and working together to help prepare Minnesotans for successful careers in STEM."
Bloomington, Minnesota is home to one of the 30 TCS facilities in the U.S. and supports leading enterprises in Minnesota, including Ameriprise Financial and Best Buy. TCS currently has more than 1,000 employees in the state - including 400 who were hired within the last five years - helping companies along their growth and transformation journeys through consulting services, industry experience, advanced technology, and intellectual property.
"TCS is committed to expanding our presence in Minnesota and finding talent in the North Star State to provide local businesses with innovative solutions to their biggest challenges," said Suresh Muthuswami, Chairman of North America, TCS. "We also look forward to fostering the next generation of tech talent in Minnesota schools. That goal is driving our commitment to growing our STEM education initiatives by 50% in the coming years."
Present in the U.S. for over 40 years, TCS is partnering with nearly half of Fortune 500 companies to help them digitally transform and grow their businesses. TCS is also among the top two U.S. recruiters of IT services talent, having hired 32,000 employees over the last five years.
Expanding STEM and computer science education in schools across the U.S. is a top priority for TCS as one of the world's largest technology consulting companies. Minnesota currently has nearly 11,000 open computing jobs, yet only had 1,533 graduates in computer science in 2019. Just 24% of Minnesota public high schools currently teach foundational courses in computer science.
TCS brought its goIT program to Minnesota in 2014. This STEM training initiative fosters digital innovation and career readiness at local middle and high schools. Over 42,000 students in the U.S. and Canada have been directly impacted by goIT, and 75% of students in Minnesota benefitting from goIT belong to groups currently underrepresented in computer science.
TCS is also helping educators embed computational thinking into core subjects such as math, science, language, arts, and social studies through Ignite My Future in School, a program the company pioneered in 2017. Since its launch, Ignite My Future in School has reached over one million students and 26,000 teachers in North America. Over 200 Minnesota teachers have engaged with Ignite My Future in School - impacting over 13,000 students. Educators from multiple school districts in Minnesota have participated in TECHademies and computational thinking professional development courses, free of charge.
Additionally, over 4,000 TCS employees have volunteered nearly 8,000 hours with organizations in Minnesota, including the Washburn Center for Children and the American Heart Association.
Shares of Tata Consultancy Services Limited was last trading in BSE at Rs. 3220.15 as compared to the previous close of Rs. 3365.35. The total number of shares traded during the day was 168993 in over 29661 trades.
The stock hit an intraday high of Rs. 3293.00 and intraday low of 3194.00. The net turnover during the day was Rs. 546981374.00.