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 April 17, 2014, Tata Consultancy Services closed at Rs 2218.05, up Rs 23.05, or 1.05 percent. The 52-week high of the share was Rs 2384.20 and the 52-week low was Rs 1364.00.


The company's trailing 12-month (TTM) EPS was at Rs 85.24 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 26.02. The latest book value of the company is Rs 165.73 per share. At current value, the price-to-book value of the company is 13.38.

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