TCS, Wipro, Infosys Bag BP Outsourcing Deal
TCS, Wipro, and Infosys, India s major IT services companies, along with global giants Accenture and IBM, have won British oil major BP’s US$ 1.5 billion five-year outsourcing deal.
Earlier in the day, the oil and gas major said the deal was part of its vendor consolidation strategy. With this deal, BP has now reduced the number of vendors from 40 to just five.
The deal covers IT application, development, and management.
According to S. Gopalakrishnan, CEO of Infosys, the size of the deal is not specified yet. He said this consolidation will allow the company to bid for more projects. Our existing business with BP will continue. We are into exploration, production, SAP, and some BPO work for BP."
Suresh Vaswani, executive director and Joint CEO of Wipro, however, sees flat operating margin with a positive bias.
TCS Vice President Hasit Kaji said the company would be fundamentally focusing on the refining and manufacturing some of the corporate IT applications. At a later stage, TCS would be involved with the exploration and production and trading applications, he added.
- Accenture, Israel Consulate And Nasscom launch 'scalerator'
- The Digital Messiah: Inside Accenture's Innovation Hub
- Infosys' Nitesh Banga Joins GlobalLogic As COO
- Walmart-Flipkart Deal Faces Big Threats From Small Traders
- Blockchain Projects To Lose Much Gleam By 2025: GlobalData
- Can Walmart-Flipkart Deal Change India's E-Commerce Landscape?
- Vishal Sikka's AI Venture To Boost Human Creativity: Report
- Technology, A Key Driver In Cross-Border M&A: Study
- Infosys CEO Sets A 3-year Transformation Strategy
- Coupon Aggregator Zoutons Launches Chrome Extension