News: TCS has informed the stock exchange that it has been selected by Nokia to redesign its Human Capital Management process. TCS will replace Nokia’s existing on-premises HR systems with a new cloud based Human Capital Management platform to make daily work more efficient for Nokia’s employees & provide managers with actionable insights & analytics.
View: TCS has been working closely with Nokia for over 16 years. This collaboration is an extension of the same. In 2021, Nokia launched its “One Nokia digital” for digitising its operations. As part of this, TCS will help to standardise the HR process to a common data platform. Communications & media vertical contributed 6.8% of the company’s revenue and grew a strong 19.6% YoY in CC terms in Q1FY23.
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