Tata Consultancy Services Limited has informed the Exchange regarding 'Press Release - Leading UK Supermarket Chain Morrisons Partners with TCS to Transform the Customer Experience'.
TCS · price
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Awaiting price reaction for this filing.
TCS has expanded its decade-long partnership with Morrisons, the UK's fifth-largest supermarket chain with 500 stores serving 11 million shoppers weekly, under a new five-year deal. TCS will handle end-to-end digital transformation across retail, e-commerce, marketing, and loyalty, including setting up an automation factory and a Business Intelligent Command Centre (BICC). The work will use AI-powered solutions to modernise legacy platforms and speed up new product delivery, allowing Morrisons to consolidate its vendor base. No specific deal value was disclosed, though TCS reported UK revenues of $4.57 billion in FY24 (7.6% market share, 10% growth — highest among top 10 players).
Positive for sentiment — reinforces TCS's dominance in the UK retail-IT space and extends a long-standing client relationship, supporting steady revenue visibility. The absence of disclosed contract value limits immediate price-impact assessment.