Tata Consultancy Services ( TCS ) is poised to close additional deals worth $1 billion with British retailer Marks & Spencer in the next few weeks, people aware of the developments said. This will mark this year’s biggest deal win for India’s top software exporter, which is also in line to renew its existing five-year engagement with the UK-headquartered company. “Apart from the 2018 deal renewal, there are multiple additional deals in the pipeline with a cumulative value of over $1 billion that M&S is expected to close,” an industry executive in the know told ET. “As an existing partner, TCS is in the frontline to win these deals,” the person added, speaking on the condition of anonymity. The new deals in the pipeline include mandates for business process services and digital transformation programmes, among others. These engagements are expected to be spread out over a duration of 8-10 years. M&S representatives did not respond to queries till press time. “As per policy, we do not comment on market speculation,” TCS said in an emailed response to ET’s queries. These large deal wins are significant at a time global enterprises turn cautious about technology spends. Many companies are also […]
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