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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Rolls-Royce    RR.   GB00B63H8491

ROLLS-ROYCE (RR.)
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Rolls Royce : accelerates digital transformation with Tata Consultancy Services partnership

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11/15/2017 | 08:40am CET

Wednesday, 15 November 2017

Rolls-Royce and Tata Consultancy Services (TCS) have expanded their long-standing partnership in order to exploit future data innovation opportunities. The partnership will help Rolls-Royce to accelerate its digital transformation, deliver further value to customers, improve existing services and create new areas of growth.

As part of this agreement, TCS - a leading provider of IT services, consulting and business solutions - will provide digital platform capability, allowing data to be captured, shared and analysed more easily across Rolls-Royce, so that new products and services can be developed at pace. This will enable Rolls-Royce to use data to innovate within all of its businesses and collaborate more effectively with partners and customers.

Neil Crockett, Rolls-Royce, Chief Digital Officer, said: 'This is an example of how we intend to unleash data innovation through collaboration. TCS is an outstanding partner with excellent experience in delivering a flexible and agile platform capability across many different markets. We expect to be able to realise both short-term and long-term benefits through collaboration with partners and customers on the TCS IoT Platform. It will allow us to take advantage of fast-paced data innovation - including accelerating our application of industrial artificial intelligence - and a range of other cutting edge breakthrough opportunities.'

Rolls-Royce already has more than 20 years of experience in combining its engineering expertise with data analytics, in order to offer operational efficiencies to airline customers. Building on these foundations, alongside progress in many areas of the business, Rolls-Royce is expanding its digital capabilities to deliver increased value from existing services and introduce new services to customers across the group.

Rajesh Gopinathan, CEO and Managing Director of Tata Consultancy Services said: 'TCS is honoured to be part of this continuing Digital Transformation journey for Rolls-Royce. Our IoT Platform and Solutions offer a wealth of functionalities that will allow Rolls-Royce to more easily develop, deploy, and launch products and services to the market quickly. Organisations are increasingly building upon a digital foundation to transform their businesses, and TCS is actively guiding our customers to become increasingly more Intelligent, Automated and Agile. TCS continues to be the global technology partner of choice for navigating and taking advantage of the opportunities in the new Business 4.0 era.'

Rolls-Royce and TCS have been working in partnership on engineering services since 2010 and this extension to that relationship is an example of how Rolls-Royce is collaborating with key partners to enhance digital innovation. It builds on an agreement with Microsoft Corp announced in July 2016 and positions Rolls-Royce alongside two globally recognised digital services providers.

About Rolls-Royce Holdings plc

  1. Rolls-Royce's vision is to be the market-leader in high performance power systems where our engineering expertise, global reach and deep industry knowledge deliver outstanding customer relationships and solutions. We operate across five businesses: Civil Aerospace, Defence Aerospace, Marine, Nuclear and Power Systems.
  2. Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.
  3. We have three common themes across all our businesses:
    • Investing in and developing engineering excellence
    • Driving a manufacturing and supply chain transformation which will embed operational excellence in lean, lower-cost facilities and processes
    • Leveraging our installed base, product knowledge and engineering capabilities to provide customers with outstanding service through which we can capture aftermarket value long into the future.
  4. Annual underlying revenue was £13.8 billion in 2016, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £80 billion at the end of 2016.
  5. In 2016, Rolls-Royce invested £1.3 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.
  6. Rolls-Royce employs almost 50,000 people in 50 countries. More than 16,500 of these are engineers.
  7. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2016 we recruited 274 graduates and 327 apprentices through our worldwide training programmes.

About Tata Consultancy Services Ltd. (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, Infrastructure, Engineering and Digital services. This is delivered through its unique Global Network Delivery Model ™, recognized as the benchmark of excellence in software development. A part of the Tata group, India's largest industrial conglomerate, TCS has over 389,000 of the world's best-trained consultants in 46 countries. The company generated consolidated revenues of U.S. $17.6 billion for year ended March 31, 2017 and is listed on the BSE Limited and National Stock Exchange of India Limited. For more information, visit us at www.tcs.com. For TCS global news, follow @TCS_News.

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Rolls-Royce Holdings plc published this content on 15 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 November 2017 07:39:02 UTC.

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Financials ( GBP)
Sales 2017 14 475 M
EBIT 2017 870 M
Net income 2017 236 M
Debt 2017 909 M
Yield 2017 1,38%
P/E ratio 2017 23,64
P/E ratio 2018 28,03
EV / Sales 2017 1,19x
EV / Sales 2018 1,17x
Capitalization 16 363 M
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Technical analysis trends ROLLS-ROYCE
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 22
Average target price 8,13  GBP
Spread / Average Target -8,6%
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David Warren Arthur East Chief Executive Officer & Director
Ian Edward Lamert Davis Chairman
Simon Neil Kirby Chief Operating Officer
Stephen W. Daintith Chief Financial Officer & Director
Paul Stein Chief Technology Officer
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