TCS signs 7 year engagement with Qantas for USD 90 million

Tata Consultancy Services Ltd has announced that it had signed a seven-year engagement with an expected value of around AUD $120 Million (USD $90 million) with Qantas to provide a range of IT application, transformation and maintenance services.

The contract for the Applications Services & Transformation (AST) outsourcing program launched by Qantas is the largest single contract awarded to an Indian outsourcing company in Australia to date.

Under this contract, the Company will assume full responsibility for more than 75 per cent of the total scope of Qantas (AST) program. The Company will provide support and maintenance to all of Qantas’ key IT applications for airport operations and commercial systems. The Company will be the lead partner for the transition phase of the entire Qantas AST program, overseeing activities of many of Qantas internal and external groups involved in IT systems support and maintenance.

"The Qantas engagement is a significant milestone for TCS’ airline business and is the result of our extensive investments in building domain expertise that has helped create innovative solutions for companies," said S Ramadorai, CEO and Managing Director. "We believe technology has a strong role to play in enabling the travel and hospitality sector companies to retain customers and build new business models," Mr Ramadorai added.

Qantas will also benefit from access to the Company's new Innovation Lab for Travel and Hospitality, located in Chennai, India. The Lab incubates, develops and pilots new solutions for emerging technologies such as RFID, wireless and digital asset management. With over 40 clients in travel and hospitality sector, the Company works with many global aviation clients including leading brands in APAC, Europe and the US.

Source : Equity Bulls

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