TCS Gains After Partnering With South American Airline Avianca

Shares of the country's largest information technology company - Tata Consultancy Services (TCS) - rose as much as 0.9 per cent to hit an intraday high of Rs 3,797.40 after the company post market hours on Wednesday said that Avianca, one of the leading airlines in South America, selected TCS as a strategic partner in its cloud transformation journey.

"TCS will modernize Avianca's IT infrastructure and build a new future-ready cloud-based digital core on Microsoft Azure. Leveraging its deep domain knowledge of the airline industry and its extensive experience in successfully executing large transformation programs, TCS will help the airline migrate 129 core applications to the cloud and will also manage the new cloud estate," TCS said in a press release.

The company will leverage its proprietary automation tools and accelerators to drive this transformation, reducing the time-to-market and delivering superior business outcomes. These include TCS Cloud Counsel, a digitized cloud candidature assessment toolset, and TCS Cloud Mason which helps organizations rapidly define, design and deploy cloud foundational platforms, TCS said.

"The new digital core will provide an integrated environment that will enhance Avianca's business agility, operational resilience, adaptability and future-readiness. Additionally, the cloud-based infrastructure will have a significantly reduced carbon footprint that will help Avianca get closer to its sustainability goals," TCS added.

"Technology is undoubtedly a very important component of our new vision, that is why we want to provide the best technology available for our talent and customers," said Michael Ruplitsch, Chief Information Officer, Avianca.

As of 11:15 am, TCS shares traded 0.12 per cent higher at Rs 3,778, outperforming the Sensex which was trading marginally lower.