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Dec 02, 2009, 12.17 PM IST | Source: CNBC-TV18

TCS, Wipro, Infy in fray for Goldman Sachs' $700m IT deal

Goldman Sachs plans to issue IT contract worth $500-700m, reports CNBC-TV18, quoting sources. The contract, to create R&D functions and software database, will span across 5-6 years. TCS, Infosys, Wipro, HCL, Cognizant, and IBM are believed to be in the fray.

TCS, Wipro, Infy in fray for Goldman Sachs' $700m IT deal

Goldman Sachs plans to issue IT contract worth $500-700m, reports CNBC-TV18, quoting sources. The contract, to create R&D functions and software database, will span across 5-6 years. TCS , Infosys , Wipro , HCL , Cognizant, and IBM are believed to be in the fray.

Bids are expected to begin by April 2010, sources said. When contacted, Goldman Sachs says it cannot comment on specific IT functions.

TCS stock price

On September 17, 2014, Tata Consultancy Services closed at Rs 2588.45, up Rs 33.55, or 1.31 percent. The 52-week high of the share was Rs 2667.00 and the 52-week low was Rs 1911.10.


The company's trailing 12-month (TTM) EPS was at Rs 102.67 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 25.21. The latest book value of the company is Rs 224.90 per share. At current value, the price-to-book value of the company is 11.51.

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