TCS opens new delivery centre in Brazil, to create 1,600 new job opportunities over next five years
Upstox
2 min read • Updated: April 15, 2024, 5:43 PM
Summary
TCS has been present in the city of Londrina and already employs around 1,700 people in the city. The new centralised campus will bring the city workforce under one roof, creating a vibrant hub for collaboration and innovation in Londrina, it said. The delivery centre will specialise in key areas such as business transformation, artificial intelligence and cognitive business operations.
IT-major Tata Consultancy Services (TCS) has announced a new delivery centre in Londrina, Paraná in Brazil which it believes will create more than 1,600 new job opportunities over the next five years as well as contribute to the local economy and strengthen the company’s presence in the region.
TCS has been present in the city of Londrina and already employs around 1,700 people in the city. The new centralised campus will bring the city workforce under one roof, creating a vibrant hub for collaboration and innovation in Londrina, it said. The delivery centre will specialise in key areas such as business transformation, artificial intelligence and cognitive business operations, offering a comprehensive suite of IT services to clients in Brazil and around the world.
Bruno Rocha, Country Head at TCS Brazil said the company is looking to double the number of associates in key areas such as cybersecurity, cloud, automation among others. TCS has been operating in Brazil for over two decades, with operations in Londrina, São Paulo and Rio de Janeiro and has served over 140 clients in the region across industries such as banking, insurance, mining, retail, and telecommunications.
During the fourth quarter, TCS reported a 3.5% rise in its consolidated operating revenue at ₹61,237 crore. Net profit rose 9.14% to ₹12,434 crore during the quarter.
K Krithivasan, Chief Executive Officer and Managing Director, said: “We are very pleased to close Q4 and FY24 on a strong note with the highest ever order book and a 26% operating margin, validating the robustness of our business model and execution excellence. In an environment of global macro uncertainty, we are staying close to our customers and helping them execute on their core priorities with TCS’ portfolio of offerings, innovation capabilities and thought leadership.”
Shares of TCS have risen over 3% since the beginning of the year. The stock has gained over 25% in the last one year.