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TCS signs a five-year deal with du
TCS has signed a five-year agreement with du – the integrated telecom service provider in
the UAE. As an IT managed partner, TCS will support du in its efforts to enhance customer
excellence and service delivery levels. This agreement supplements du’s aggressive growth
strategy and enhances its capabilities in service delivery. This deal would augur well for TCS
to expand its footprint in the Middle East and enhance revenue from the telecom vertical,
which is still laggard. At the CMP of `1,106, the stock is trading at 21x FY2012E EPS of
`51.5. We recommend Buy on the stock with a Target Price of `1,287.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
TCS signs a five-year deal with du
TCS has signed a five-year agreement with du – the integrated telecom service provider in
the UAE. As an IT managed partner, TCS will support du in its efforts to enhance customer
excellence and service delivery levels. This agreement supplements du’s aggressive growth
strategy and enhances its capabilities in service delivery. This deal would augur well for TCS
to expand its footprint in the Middle East and enhance revenue from the telecom vertical,
which is still laggard. At the CMP of `1,106, the stock is trading at 21x FY2012E EPS of
`51.5. We recommend Buy on the stock with a Target Price of `1,287.
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