Tata Consultancy Services (TCS), a leading Indian IT company, has received a whopping $ 2.25-billion outsourcing contract from Nielsen, a television rating measurement firm in the largest ever outsourcing contract bagged by an Indian IT company, The Economic Times reported.
Both the companies started their collaboration in 2008 when Nielson awarded a ten-year contract to TCS for $ 1.2 billion. The amount was doubled to $2.5 billion in 2013 and the contract was extended till 2020.
As per the new agreement, the contract has been further extended till 2025. Every year, TCS will receive $320 million in business from Nielsen till 2020, $186 million in annual revenue from 2021 through 2024 and $139.5 million in 2025.
“The term of the Agreement has been extended for an additional five years, so as to expire on December 31, 2025, with three one-year renewal options granted to Nielsen,” said the Nielsen statement.
“In connection with the entry into the Agreement, the parties have agreed to terminate the separate Global Infrastructure Services Agreement between them as of the Effective Date and include the services provided thereunder in one or more Statements of Work (‘SOWs’) arising under the Agreement. TCS will globally provide Nielsen with professional services relating to information technology (including application development and maintenance), business process outsourcing, client service knowledge process outsourcing, management sciences, analytics, and financial planning,” the statement added.
TCS is yet to make a comment to the reports.
1 Comment
So TCS will find a way to push in another 1000 Tamil hajaams? (A hajaam is a crude barber). Because the people they will post here will be able to speak only one language (You are thinking Java? Python? PHP? BigData) No you dummies – it is Tamil – the only way TCS employees can talk – they get in only because there is another Tamil idiot on the clent side who is feeding them…. And they find a Telugu guy to do the work for them and they then go in and take credit for the work done – in broken English.