TCS bags Marks & Spencer deal to help drive it become a digital-first business

By: |
Mumbai | Published: January 15, 2018 3:22:28 PM

The largest software exporter TCS has expanded its relationship with British retailer Marks & Spencer (M&S) to enable it become a digital-first business.

tcs, marks and spencer deal, digital first business, commercial opportunities, digital business, digital indiaThe largest software exporter TCS has expanded its relationship with British retailer Marks & Spencer (M&S) to enable it become a digital-first business.

The largest software exporter TCS has expanded its relationship with British retailer Marks & Spencer (M&S) to enable it become a digital-first business. As part of the deal, whose total value is not disclosed, the company will become a principal technology partner for the retailer, TCS said in a statement today. The retailer has a five-year plan to transform its business by making technology function deliver more commercial opportunities, it said, adding TCS will help drive agility, intelligence, innovation and efficiency to up the customer experience and also drive growth in business.

TCS chief executive and managing director Rajesh Gopinathan said the company has already built a strong contextual knowledge of M&S’ business through the last few years’ partnership. “TCS will help the customer adopt a digital-first mind-set to win new customers and create growth at accelerated pace,” he said. The retailer’s chief executive Steve Row said M&S and TCS will join forces to make its business “faster, simpler and more focused on achieving a seamless customer experience.”

TCS will transition M&S to a new technology operating model, which embraces the agile mind-set to transform business and IT strategy, aligned with rapid technology innovation to meet fast changing business priorities, the statement said. The announcement comes days after TCS announced a USD 2-billion contract win from American insurer Transamerica to transform the latter’s insurance and annuity business lines. The TCS scrip was trading 0.61 per cent down at Rs 2,756 a piece on the BSE, as against a 0.74 per cent jump on the benchmark at 1321 hrs.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Get ready for good times: OTT players building quality content to snare subscribers
2Digital India: How cloud business powered Microsoft growth in country
3Microsoft COO Meetul Patel: We are creating digital services and empowering citizens by making them digitally literate