Sagar Salvi, Riken Mehta
Moneycontrol.com
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 | 13.1% | 4.8% |
| QoQ | 3.0% | -1.1% |
| Revenue Growth (INR) | | |
| YoY | 37.7% | 28.5% |
| QoQ | 12.1% | 8.6% |
| PAT Growth (INR) | | |
| YoY | 37.4% | 32.9% |
| QoQ | 14.6% | -1.2% |
| Operating margins | 27.5% | 28.0% |
| Active Clients | 1032 | 711 |
| Client addition in Q1FY13 | 29 | 51 |
| Growth in key business verticals (QoQ) | | |
| BFSI | 14.1% | -1.1% |
| Telecom | 15.3% | -1.1% |
| Retail | 17.5% | 5.8% |
| Employee addition | 13831 | 9236 |
| Utilisation Rate | 72% | 67% |
| Attrition rate | 11% | 15% |
| Currency Average Rate | 54.5 | 54.83 |
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