TCS jumps 5% on $1.2 bn Nielsen deal

MUMBAI: Shares of Tata Consultancy Services surged 5 per cent Thursday after the company announced a $1.2 billion deal with Nielsen Company for IT & operations support worldwide.

At 12 pm, TCS share was at Rs 1,141, up 4.27 per cent or Rs 46.80 on BSE. The stock touched a high of Rs 1,149.50 on volume of 3,64,088 shares. The low was Rs 1,077.50.

Under a 10-year agreement, TCS will provide IT and operational processes and help Nielsen integrate and centralise multiple systems, technologies and processes on a global scale.

TCS will also look after certain finance and human resource business processes, which will be executed on new BPO platforms built by the company.

Nielsen Company provides a wide range of global services, including television and Internet audience measurement, insight and analysis of consumer behaviour for the packaged goods and retail industries, services to clients in print, online and mobile media services, entertainment, books, video and the music industries, and is a major provider of business publications and trade shows.