• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, May 24, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Markets

TCS and Marks & Spencer Set to Expand Partnership with $1 Billion in New Contracts

by Indrajeet Giram
March 9, 2023
in Markets
Reading Time: 2 mins read
0
TCS and Marks & Spencer Set to Expand Partnership with $1 Billion in New Contracts

TCS and Marks & Spencer Set to Expand Partnership with $1 Billion in New Contracts

TwitterWhatsappLinkedin

You might also like

Ola Electric’s ₹1,700 Cr Debt Raise Signals a Bold Pre-IPO Bet

Weekly Business News: From Krispy Creme Acquisition to Builder.ai Bankruptcy

Weekly Startup Funding News: Indian startups raised $232 Mn this week; from CloudSEK to Mythik

The recent report on TCS’s agreement with Marks & Spencer sheds light on the resilience of the IT sector, despite macroeconomic headwinds like inflation, rate tightening, and political turmoil.

TCS, India’s leading software exporter, is expected to close additional contracts worth $1 billion with the British fashion retailer, following their multi-year, multi-million-dollar deal announced in July 2022.

This new contract is set to be the most significant deal win for TCS in 2023, further solidifying their long-standing partnership with Marks & Spencer, which dates back over a decade.

TCS and Marks & Spencer Set to Expand Partnership with $1 Billion in New Contracts
source : Business-standard.com

The expansion of TCS’s relationship with Marks & Spencer in 2018, enabling the fashion retailer to become a digital-first business, is a testament to TCS’s ability to support their clients’ digital transformation journey.

The IT services industry has proven to be a critical enabler of digital transformation, particularly in the retail sector, where companies are adapting to rapidly changing consumer behaviors and preferences.

This partnership highlights the value of strong relationships between IT service providers and their clients in driving successful digital transformation initiatives. Despite economic challenges, the continued demand for IT services in Europe and the UK underscores the crucial role that technology plays in business operations today.

As TCS and Marks & Spencer continue to collaborate, they will be well-positioned to leverage technology to meet evolving customer needs and stay competitive in a rapidly changing retail landscape.

The Outcomes of TCS and Marks & Spencer Deal

For TCS, this deal is expected to be a significant win, further strengthening their position as India’s top software exporter and expanding their presence in the European market. This deal also demonstrates the company’s ability to support their clients’ digital transformation initiatives, which could lead to new business opportunities in the future.

For Marks & Spencer, this deal represents a continued investment in technology to support their digital transformation efforts. The partnership with TCS will enable the company to stay competitive in a rapidly changing retail landscape by leveraging technology to meet evolving customer needs.

TCS and Marks & Spencer Set to Expand Partnership with $1 Billion in New Contracts
source : artefact.com

By renewing their existing five-year engagement with TCS and entering into new contracts worth $1 billion, Marks & Spencer is demonstrating their commitment to driving innovation and growth through technology.

The impact of this deal is likely to be positive not just for TCS and Marks & Spencer but for the broader IT services industry and the retail sector as a whole. It underscores the importance of technology in driving business success and highlights the critical role that IT service providers play in supporting their clients’ digital transformation initiatives.

TCS provides a wide range of services, including application development and maintenance, infrastructure management, digital enterprise solutions, engineering and R&D services, and business process outsourcing, among others.

Tags: British fashion retailerDigital TransformationIT sectormacroeconomicMarks & Spencermulti-million-dollar dealPartnershipretailTCS Digital Enterprise
Tweet54SendShare15
Previous Post

What is Blockchain infrastructure as a service, and why you should leverage it

Next Post

Abu Dhabi Investment Authority to Invest $500 Million in Indian Eyewear Startup Lenskart

Indrajeet Giram

📚 Avid reader 🔋constant learner curious analyzer @ everything 📝Business & Economic Journalist ✍️

Recommended For You

Ola Electric’s ₹1,700 Cr Debt Raise Signals a Bold Pre-IPO Bet

by Ishaan Negi
May 24, 2025
0
Ola Electric Faces Insolvency Petition From Vendor Over Unpaid Dues

In a significant financial move ahead of its highly anticipated IPO, Ola Electric has received board approval to raise ₹1,700 crore through non-convertible debentures (NCDs). This is the...

Read more

Weekly Business News: From Krispy Creme Acquisition to Builder.ai Bankruptcy

by Ishaan Negi
May 24, 2025
0
Weekly Business News: Top business updates in this week

Zepto Cafe’s Sudden Pause Shakes Up Quick Commerce In a surprising move, Zepto — one of India’s fastest-growing quick commerce startups — has temporarily paused operations of its...

Read more

Weekly Startup Funding News: Indian startups raised $232 Mn this week; from CloudSEK to Mythik

by Ishaan Negi
May 24, 2025
0
Weekly Startup Funding News: Indian startups raised $196 Mn this week; from Emiza to Leap

After weeks of tepid activity, India’s startup ecosystem sprang back to life between May 19 and 24, 2025, with a strong influx of capital, renewed investor confidence, and...

Read more
Next Post
Abu Dhabi Investment Authority to Invest $500 Million in Indian Eyewear Startup Lenskart

Abu Dhabi Investment Authority to Invest $500 Million in Indian Eyewear Startup Lenskart

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?