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.
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Dec 02, 2009, 12.17 PM | 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.

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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.

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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 May 26, 2016, at 12:18 hrs Tata Consultancy Services was quoting at Rs 2529.00, up Rs 2.30, or 0.09 percent. The 52-week high of the share was Rs 2769.00 and the 52-week low was Rs 2119.00.


The company's trailing 12-month (TTM) EPS was at Rs 115.69 per share as per the quarter ended March 2016. The stock's price-to-earnings (P/E) ratio was 21.86. The latest book value of the company is Rs 346.63 per share. At current value, the price-to-book value of the company is 7.30.

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TCS, Wipro, Infy in fray for Goldman Sachs $700m IT deal
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Price when posted: BSE: Rs. 2528.00 NSE: Rs. 2530.90

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