Qantas reduces TCS contract size

TCS is expected to be a loser in a new contract that Australian carrier Qantas is close to finalizing.

BANGALORE: TCS is expected to be a loser in a new contract that Australian carrier Qantas is close to finalizing. The publication The Australian has reported that Qantas intends to consolidate its IT vendors to achieve significant cost savings and has awarded the master service agreement of the $800 million contract to IBM. Some of this work that was previously done by TCS and Tech Mahindra will move to IBM. "The seven-year agreement will result in up to 400 employees from TCS and Tech Mahindra working on the Qantas contract transition to IBM to continue their current duties," the article said. India's largest IT services company has a $120 million IT contract for application, development and maintenance. But the larger outsourcing contract with IBM might reduce TCS's scope of work to about $30-40 million, the article said. When TOI reached out to TCS for comments, the company said it does not comment on client-specific information.

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