TCS shares surge nearly 6%: Signs multi-million dollar network transformation deal with ABB

IT firm, Tata Consultancy Services (TCS), has expanded its long-standing partnership with ABB to manage and modernise the global technology company’s network operations under a multi-million dollar, multi-year deal. TCS shares has surged 5.61% in the intraday trade.

Under the deal, TCS will move beyond managing ABB’s infrastructure and applications to delivering end-to-end global network operations through a network-as-a-service model.

“The engagement marks the next phase of a trusted 20-year partnership.” TCS said in its regulatory filing.