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<\/span><\/figcaption><\/figure>BENGALURU: Indian information technology (IT) company Tata Consultancy Services<\/a> said on Friday it has mutually agreed with insurance provider Transamerica<\/a> to end a $2 billion contract, citing reasons including a challenging macro environment.

The 10-year contract, signed in early 2018, involved TCS<\/a> working with U.S.-based Transameria to enable the digitization of more than 10 million policies into a single integrated platform.

Administration of those policies, including life insurance and retirement and investment solutions, will be moved to a new servicing model, which will take about 30 months, TCS said.

\"It's more of a sentimental negative rather than a big impact on the financials of TCS,\" said Siddhartha Khemka<\/a>, head of retail research at Motilal Oswal Financial Services<\/a>.

Indian IT companies, which draw a bulk of their revenue from the United States<\/a> and Europe, have flagged a slowdown in the telecom and communication segment as clients contemplate spending cuts and project rampdowns to save cash.

\"We don't see a big impact because of this. But yes, it's a sign that the demand environment is not very good\" Khemka said.

TCS stock is currently trading 1.3% lower at 3,175 rupees.
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印度的塔塔,泛美结束2美元左右的合同由于宏观环境

10年期合同,在2018年初,签署涉及TCS与美国合作基于Transameria使超过1000万政策的数字化成一个单一的集成平台。

  • 更新在2023年6月16日下午时43分,坚持
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班加罗尔:印度信息技术(IT)公司塔塔咨询服务公司周五称它有相互同意的保险提供者泛美一份价值20亿美元的合同,理由包括一个具有挑战性的宏观环境。

10年期合同,在2018年初,签署TCS与美国合作基于Transameria使超过1000万政策的数字化成一个单一的集成平台。

政府的政策,包括人寿保险和退休和投资解决方案,将移动到一个新的服务模型,这需要大约30个月,塔塔说。

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“这是更多的情感-而不是对TCS的金融产生巨大影响,”说悉达多Khemka零售研究主管Motilal Oswal金融服务。

印度IT公司画的大部分收入美国放缓和欧洲,有标记的电信和通信领域客户考虑削减支出和项目rampdowns以节省现金。

“我们没有看到因为这个产生重大影响。但,是的,这是一个迹象表明需求环境不是很好”Khemka说。

TCS股票目前的交易在3175卢比低1.3%。
  • 发表在2023年6月16日,将近12点坚持
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\"\"
<\/span><\/figcaption><\/figure>BENGALURU: Indian information technology (IT) company Tata Consultancy Services<\/a> said on Friday it has mutually agreed with insurance provider Transamerica<\/a> to end a $2 billion contract, citing reasons including a challenging macro environment.

The 10-year contract, signed in early 2018, involved TCS<\/a> working with U.S.-based Transameria to enable the digitization of more than 10 million policies into a single integrated platform.

Administration of those policies, including life insurance and retirement and investment solutions, will be moved to a new servicing model, which will take about 30 months, TCS said.

\"It's more of a sentimental negative rather than a big impact on the financials of TCS,\" said Siddhartha Khemka<\/a>, head of retail research at Motilal Oswal Financial Services<\/a>.

Indian IT companies, which draw a bulk of their revenue from the United States<\/a> and Europe, have flagged a slowdown in the telecom and communication segment as clients contemplate spending cuts and project rampdowns to save cash.

\"We don't see a big impact because of this. But yes, it's a sign that the demand environment is not very good\" Khemka said.

TCS stock is currently trading 1.3% lower at 3,175 rupees.
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