TCS partners with Google Cloud to launch AI-powered cybersecurity solutions; shares flat 

The company's press release said, "The TCS Managed Detection and Response (MDR) solution, powered by the Google Security Operations platform, will enable security teams to reduce the time required to detect and respond to threats. It combines the hyperscaler’s advanced threat detection capabilities with TCS’ contextual knowledge to enable continuous security monitoring and round-the-clock response."

It further said, "The TCS Secure Cloud Foundation leverages capabilities from Google Cloud’s security solutions to strengthen cloud security posture and governance across single, multi, and hybrid cloud environments by embedding security and compliance guardrails throughout the DevSecOps lifecycle. Leveraging AI, machine learning, and automation, the solution continuously monitors risks, identifies deviations, and recommends remedial actions."

Commenting on the development, Ganesa Subramanian, VP and Global Head, Cybersecurity Business Group, TCS, said, “Businesses are rapidly transforming, and they must secure their transformation journey to grow with confidence. The rise of generative AI further underscores the need to modernize cybersecurity and strengthen cyber resilience. This partnership brings together the best of capabilities, contextual knowledge, and accelerators from TCS and Google Cloud to holistically protect the digital estates of enterprise customers, to help them be future-ready, cyber-resilient businesses.”

Shares of the company in the afternoon deals were trading at ₹4,535 apiece on the BSE, up 0.31%. 

TCS Q1 FY25 Results

India's largest IT services company posted an 8.7% year-on-year (YoY) rise in its consolidated net profit at ₹12,040 crore in the first quarter ended June 2024. The net profit for the year-ago period stood at ₹11,074 crore.

The company, which competes in the IT services market with the likes of Infosys, Wipro, and HCLTech, reported a 5.4% increase in its revenue at ₹62,613 crore for the quarter just ended.

Sequentially, however, the net profit fell 3.1% compared to the March quarter.

"I am pleased to report a strong start to the new fiscal year with all-round growth across industries and markets," K Krithivasan, chief executive officer and managing director of TCS, said in a release.