TCS wins record $2.25 billion Nielsen outsourcing contract
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In what is the biggest-ever outsourcing deal for an Indian IT company so far, Tata Consultancy Services (TCS) has bagged a mega $2.25-billion contract by Nielsen, a television rating management firm.
The new deal assures $320 million worth of business annually for the Mumbai IT giant., from 2017 to 2020. Prospective annual revenue from 2021 till 2024 is being seen at $186 million, and at $139.5 million in 2025.
This deal is being seen as the first significant milestone for TCS chief Rajesh Gopinathan, who had replaced N Chandrasekaran in February last.
This new development comes close on the heels of TCS claiming 2nd position as the top wealth generator in last 5 years, just behind Reliance Industries Ltd.
Nielsen had earlier given TCS a $1.2-billion contract in 2007, which was for a 10-year period. Six years later, it was expanded to $2.5 billion and and the period extended by 3 more years to 2020.
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