{"id":132591,"date":"2024-09-03T15:14:54","date_gmt":"2024-09-03T09:44:54","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=132591"},"modified":"2024-09-03T15:14:58","modified_gmt":"2024-09-03T09:44:58","slug":"tata-group-stock-jumps-after-it-partners-with-google-for-cybersecurity-solutions","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/tata-group-stock-jumps-after-it-partners-with-google-for-cybersecurity-solutions\/","title":{"rendered":"Tata group stock jumps after it partners with Google for cybersecurity solutions\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3513575289\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of this largecap company jumped around 1 percent in Tuesday\u2019s trading session after expanding its partnership with Google Cloud to offer AI-Powered Cybersecurity Solutions.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3028261214\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price Movement:&nbsp;<\/strong><\/h2><p>With a market capitalization of Rs. 16,43,209 crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TCS\/consolidated\">Tata Consultancy Services Ltd<\/a><\/strong> started Tuesday\u2019s trading session on a flatter note at Rs. 4,521.05. During the trading session, the shares hit a high of Rs. 4,555.90, gaining around 1 percent and are currently trading at Rs. 4,538 apiece.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened:&nbsp;<\/strong><\/h2><p>Such a positive movement in the share price was observed after the company in an exchange filing announced it has expanded its partnership with Google Cloud to offer two new cybersecurity solutions for customers.&nbsp;<\/p><p>This partnership aims to strengthen cyber resilience for enterprises across industries and empower them with domain-focused innovation with cutting-edge technologies from TCS and Google Cloud.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2261590291\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>TCS expanded its partnership to offer two solutions i.e., TCS Managed Detection and Response solution and TCS Secure Cloud Foundation solution.&nbsp;<\/p><p>As per the filing, these solutions will enhance the threat detection and response capabilities of businesses, even in non-cloud environments and will help TCS customers create forward-looking and secure businesses.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also Read:<a href=\"https:\/\/tradebrains.in\/features\/it-stock-under-5-hits-5-upper-circuit-after-promoter-increased-stake-also-receives-100-cr-order\/\"> IT stock under \u20b9 5 hits 5% upper circuit after promoter increased stake; Also receives \u20b9 100 Cr order<\/a><\/strong><\/p><\/blockquote><p>Furthermore, the company stated that it has successfully implemented both solutions for several clients. For instance, the Secure Cloud Foundation solution has helped a major global bank in Germany automate and manage over 800 security policies, ensuring compliance with regulatory requirements.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials:&nbsp;<\/strong><\/h2><p>Looking at the company&#8217;s financial performance, the revenue increased marginally by around 2 percent from Rs. 61,237 crores during the March quarter to Rs. 62,613 crores in the June quarter. On the other hand, the net profits declined by 3 percent from Rs. 12,502 crores to Rs. 12,105 crores during the same period.&nbsp;<\/p><p>The Tata Group company derives 50 percent of its revenue from the American markets. Additionally, 31.3 percent of its revenue comes from the European markets, while the remaining 18.7 percent is generated from the Asia Pacific, India, and MEA regions.&nbsp;<\/p><p>This indicates a significant reliance on the American market for revenue generation, followed by Europe and other regions.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-930474469\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Generative AI pipeline:&nbsp;<\/strong><\/h2><p>In recent times, GenAI has emerged as a crucial growth driver for IT companies amid continued challenges in discretionary spending. Following Accenture, TCS was the only major IT firm to disclose its GenAI deal pipeline figures. By Q4, TCS&#8217;s GenAI pipeline had doubled to USD 900 million, with more than 200 active engagements.&nbsp;<\/p><p>In the first quarter of the fiscal year 2024-25 (Q1 FY25), Tata Consultancy Services (TCS) reported a total contract value (TCV) of USD 8.3 billion. This figure represents a decrease of 18.6 percent year-on-year and a 37 percent decline sequentially from the previous quarter, where TCS had signed TCVs worth USD 13.2 billion.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Profile:&nbsp;<\/strong><\/h2><p>Tata Consultancy Services is the flagship company and a part of the Tata group. It is an IT services, consulting and business solutions organization that has been partnering with many of the world&#8217;s largest businesses in their transformation journeys for over 50 years.&nbsp;<\/p><p>TCS offers a consulting-led, cognitive-powered, integrated portfolio of business, technology and engineering services and solutions.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Vaibhav Patil&nbsp;<\/strong><\/p><\/blockquote><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also Read:<\/strong> <strong><a href=\"https:\/\/tradebrains.in\/features\/infra-stock-jumps-5-after-receiving-work-order-worth-59-cr-for-an-adani-project\/\" target=\"_blank\" rel=\"noreferrer noopener\">Infra stock jumps 5% after receiving order worth \u20b9 59 Cr for an Adani Project<\/a><\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading has-medium-font-size\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-721576449\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of this largecap company jumped around 1 percent in Tuesday\u2019s trading session after expanding its partnership with Google Cloud to offer AI-Powered Cybersecurity Solutions.&nbsp; Price Movement:&nbsp; With a market capitalization of Rs. 16,43,209 crores, the shares of Tata Consultancy Services Ltd started Tuesday\u2019s trading session on a flatter note at Rs. 4,521.05. During [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":18905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[2522,948,936,2597,22155,17631,17963,12412,3103,2486,7544,4107],"class_list":["post-132591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-google","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch","tag-tata-consultancy-partners-with-google","tag-tata-consultancy-services","tag-tata-consultancy-services-latest-news","tag-tata-consultancy-services-share-price","tag-tata-group-stock","tag-tcs","tag-tcs-latest-news","tag-tcs-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tata group stock jumps after it partners with Google for cybersecurity solutions\u00a0 - 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