TCS secures five-year contract renewal and expansion with Weatherford International
Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a global IT services and consulting leader, has announced a major five-year contract renewal and expansion with Weatherford International (NASDAQ: WFRD), a leading oilfield services company headquartered in North America. This strategic partnership builds on a trusted relationship of over seven years, during which TCS has delivered significant value through business process optimization.
Under the renewed agreement, TCS will drive enterprise-wide digital transformation initiatives for Weatherford, with a strong focus on leveraging automation, artificial intelligence (AI), and digital optimization to improve operational efficiencies. The expanded scope includes transformation advisory services to align operations with Weatherford's broader digital excellence goals.
Key areas of collaboration include enhancing critical business functions across finance, supply chain, and human resources. TCS will introduce AI-powered solutions to streamline Weatherford's finance and accounting workflows, reduce operational costs, and improve scalability. Additionally, the initiative aims to simplify processes, boost innovation, and implement outcome-based strategies for sustainable growth and long-term agility.
Over the past seven years, TCS has played a pivotal role in reducing Weatherford's total cost of ownership by nearly 50% across key operations. With this new phase, TCS will integrate its advanced digital capabilities to further empower Weatherford to adapt to evolving market conditions and maximize resource efficiency.
TCS brings deep industry experience, working with four of the world's top five oilfield service companies. Its service offerings span Consulting and Systems Integration, ERP, Cloud, Cybersecurity, Application Maintenance, Testing, and Digital Technologies—making it a trusted transformation partner in the energy sector.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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