TCS vs Infosys Q4 results: Who performed better during Covid-19 pandemic?
India Today
With Q4 results out in the public domain, let's take a look at how IT majors TCS and Infosys performed during the Covid-19 pandemic.
Tata Consultancy Services (TCS) and Infosys have announced their results for the fourth quarter of financial year 2021-22 that ended on March 31. India's top two software services firms posted profits and robust growth. Both the IT majors have hired a significant number of employees, according to data on TCS and Infosys's BSE filings.
With Q4 results out in the public domain, let's take a look at how both these IT majors performed during the Covid-19 pandemic.
India's largest IT firm, TCS, has reported a 7.4 per cent increase in its March quarter net profit to Rs 9,926 crore. The country’s largest software services firm sounded confident about the new financial and positive business momentum.
India's second-largest software services company, Infosys, saw its net profit in the March quarter surge to a 12 per cent rise to Rs 5,686 crore.
It has projected a 13-15 per cent revenue growth in the fiscal year that began on April 1, 2022 on the back of a "strong demand environment" and "robust deal pipeline".
TCS crossed the Rs 50,000-crore revenue mark for the first time. The company also reported its highest-ever total revenues of Rs 50,591 crore in the March quarter of fiscal 2021-22.
Infosys' revenue grew 22.7 per cent to Rs 32,276 crore in the March quarter of FY 2021-22.
