Tata Consultancy Services (TCS) on Friday said it has signed a deal with Xerox for the transformation of its technology services using cloud computing and generative artificial intelligence (GenAI).
While TCS did not disclose its size, shares of the country’s largest IT services firm rose as investors gave a thumbs-up to the “extended partnership’’.
The TCS share ended at ₹3,808.95, a gain of 0.59 per cent, or ₹22.35, over the last close. It came on a day the benchmark Sensex slumped by over 269 points.
TCS said the partnership will fast track the evolution of Xerox to a simplified, services-led, software-enabled organisation.
Under the agreement, the Tata group firm will consolidate Xerox’s technology services to improve business outcomes, migrate complex legacy data centres to the Azure public cloud, deploy a cloud-based digital ERP platform to transform business processes and incorporate GenAI into operations to help drive sustainable growth.
TCS added that it will develop a new agile, cloud-first operating model for the company. TCS is also looking to leverage the deep capabilities of its service practices like AI.Cloud, Enterprise Solutions (including TCS Crystallus) and Cognitive Business Operations (including TCS Cognix). Through these, it will build an AI-first enterprise platform for Xerox.
These TCS capabilities will be combined with the expertise of industry partners such as leading hyperscalers and AI solution providers, it added.