Mumbai: Tata Consultancy Services Ltd. (TCS) said it will appeal against a verdict handed to the Indian software company by a US jury in an intellectual property infringement case.
A federal grand jury in the state of Wisconsin, US, ordered the company and its Tata America International Corp. unit to pay $940 million for using data from Epic Systems without permission, according to a Press Trust of India report on Saturday.
The involved parties can file an appeal within 30 days of the trial judgment, which is expected in the next six to eight weeks, TCS said in an e-mailed statement.
The company will defend itself “vigorously in appeals to higher courts,” it said, adding that it did not misuse or derive any benefit from the documents downloaded from Epic Systems’s user-web portal. While the statement didn’t specify the amount of the penalty handed down by the jury, TCS cited the trial judge as saying that he was “almost certain” to reduce the amount. The jury verdict will not have any impact on the company’s fourth quarter and full-year results due on April 18, it said.
Harsha Ramachandra, a spokeswoman for TCS, declined to provide additional comment as the matter is before courts.
Shares of TCS rose 0.3% to 2,526.20 rupees on Wednesday— the highest level since 4 November.