TCS & Infosys Q4 results out: A point-by-point comparison of big announcements
TCS and Infosys, two of India's largest IT services providers, reported their financial results this week that fell short of analysts' estimates. Here's a lowdown on how the quarterly numbers and dividends from the two blue-chip IT giants compare.
Tata Consultancy Services (TCS) and Infosys (INFY) — India's two largest IT services providers — reported their quarterly financial results this week that fell short of analysts' estimates. Both the blue-chip IT companies announced final dividends for the financial year ended March 2023. While the first reaction of investors to TCS announcements was captured on Dalal Street, the Indian share market is yet to open for trade after the release of Infosys numbers.
Infosys reported its financial results for the January-March 2023 period minutes after the market hours on Thursday, a day after the Tata group company kicked off the corporate earnings season.
ALSO READ: Key highlights of TCS & Infosys Q4 results
Here's how the two companies — the Mumbai-based TCS and the Bengaluru-based Infosys — compare on key metrics:
Metric | TCS | Infosys | ||
Reported | *Estimated | Reported | *Estimated | |
Profit | 11,392 | 11,600 | 6,128 | 6,600 |
Revenue | 59,162 | 59,200 | 37,441 | 39,000 |
Revenue (in million dollars) | 7,195 | 7,202 | 4,554 | 4,738 |
Margin (%) | 24.5 | 24.8 | 21 | 21.2 |
Attrition (%) | 20.1 | 20.9 | ||
Dividend (rupees per share) | 24 (2,400%) | 17.5 (350%) | ||
All figures in crore rupees unless mentioned | ||||
*Zee Business research |
(This story will be updated shortly)
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