Tech majors like TCS, Wipro, HCL Tech, Infosys and Cognizant are likely to bid for the contract.
The US government may release the largest tech contract till date, worth around USD 1.2 billion, sources told CNBC-TV18. The deal would be for unified database of government infra contracts and processes, sources said, adding that the deal is currently in initial stages of formation and formal bids are expected by December.
According to sources, the deal is likely to be divided between 4 and 5 players. Tech majors like TCS , Wipro , HCL Tech , Infosys and Cognizant are likely to bid for the contract. However, the IT players did not comment on speculation.
TCS stock price
On October 08, 2014, at 14:10 hrs Tata Consultancy Services was quoting at Rs 2679.90, down Rs 53.3, or 1.95 percent. The 52-week high of the share was Rs 2834.00 and the 52-week low was Rs 1960.00.
The company's trailing 12-month (TTM) EPS was at Rs 102.67 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 26.1. The latest book value of the company is Rs 224.90 per share. At current value, the price-to-book value of the company is 11.92.
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