TCS Clarifies Misleading Report on M&S Contract and Cyber Incident

Tata Consultancy Services Limited ( (IN:TCS) ) has issued an announcement.

Tata Consultancy Services Limited has addressed a misleading article published by The Telegraph, which inaccurately reported on TCS’s contract with Marks & Spencer (M&S) and a cyberattack incident. TCS clarified that the service desk contract with M&S was awarded through a competitive process unrelated to the cyber incident, and that the commercial aspect of the service desk is a minor part of their overall engagement with M&S. TCS also reiterated that it does not provide cybersecurity services to M&S, and the vulnerabilities did not originate from its systems.

More about Tata Consultancy Services Limited

Tata Consultancy Services Limited (TCS) is a leading global IT services, consulting, and business solutions organization. It offers a wide range of services including IT infrastructure, digital transformation, and business process outsourcing, focusing on various industries worldwide.

Average Trading Volume: 220,018

Technical Sentiment Signal: Sell

Current Market Cap: 11080.2B INR

See more insights into TCS stock on TipRanks’ Stock Analysis page.