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.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

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)

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.