Infosys far behind ind growth; TCS to deliver: Phillip Cap

In an interview to CNBC-TV18 Vibhor Singhal, IT-analyst at Philip Capital spoke about the key takeaways from the Infosys concall. When asked if he thinks the company has turned the corner now and is on its way to narrow its gap with TCS, he said no. According to him this could be one-off quarter and says Infosys is still far behind the industry growth. Moreover, TCS is far ahead of Infosys and it will be difficult for Infosys to catch up with them so soon.However, he expects TCS to deliver on expected lines and better than industry average.Talking about the volume growth surprise reported by Infosys, he said 4.2 percent volume growth in Q3, which is traditionally a weak quarter, may not be sustainable in the upcoming quarter.Meanwhile, overall for Indian IT companies he sees decent growth in FY16. transcript to follow