Tata Consultancy Services (TCS), the country's largest software exporter, once again came out on top compared to its closest rival Infosys, which disappointed the street with a lower-than-expected quarterly profit and a sharp cut in its full year US dollar revenue guidance.
TCS first quarter net profit rose 38% year-on-year (14.6% sequentially) to Rs 3,280.5 crore, while revenue was also up 38% (up 12% quarter-on-quarter) to Rs 14,869 crore.
Bangalore-based Infosys had reported a lower-than-expected 33% year-on-year (down 1% sequentially) rise in first quarter net profit at Rs 2,289 crore, while revenue was barely in-line at Rs 9,616 crore, up 29% (up 9% quarter-on-quarter).
Infosys had flagged off some pricing pressures, slower IT spends and currency volatility for its poor performance.
Although TCS said that unprecedented currency volatility continued to be a challenge in the short-term, but global demand for IT services continues to be good.
Here’s a head-to-head comparison of the two IT majors:
Particulars
| TCS | Infosys |
| Revenue Growth (USD) | ||
| YoY | 13.10% | 4.80% |
| QoQ | 3.00% | -1.10% |
| Revenue Growth (INR) | ||
| YoY | 37.70% | 28.50% |
| QoQ | 12.10% | 8.60% |
| PAT Growth (INR) | ||
| YoY | 37.40% | 32.90% |
| QoQ | 14.60% | -1.20% |
| Operating margins | 27.50% | 28.00% |
| Active Clients | 1032 | 711 |
| Client addition in Q1FY13 | 29 | 51 |
| Growth in key business verticals (QoQ) | ||
| BFSI | 14.10% | -1.10% |
| Telecom | 15.30% | -1.10% |
| Retail | 17.50% | 5.80% |
| Employee addition | 13831 | 9236 |
| Utilisation Rate | 72% | 67% |
| Attrition rate | 11% | 15% |
| Currency Average Rate | 54.5 | 54.83 |
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