TCS vs Infosys: 5 most important comparisons you should know
Revenue Growth Analysis: Infosys reported a 1.3% YoY improvement in its consolidated revenue, reaching ₹38,821 crore in Q3 FY24. On a sequential basis, revenue was down by 0.4%. The revenue in constant currency (CC) terms also declined by 1% YoY.
On the other hand, TCS reported consolidated revenue of ₹60,583 crore for the quarter ending in December, marking 4% YoY growth. Sequentially, TCS saw a 1.5% increase in revenue. In constant currency terms (CC), the revenue grew by 1.7% YoY.
Also Read TCS Q3 result: Tepid growth in revenue, profit to dividend announcement - here are 5 key highlights Key Revenue Segment Performance: Both companies posted a muted performance in their key revenue segments. Infosys saw a 0.72% QoQ increase but a 4% YoY dip in revenue from the financial services segment, reaching ₹10,783 crore in Q3. This segment contributed to 30% of Infosys' overall revenue during the quarter.
TCS reported a revenue of ₹22,667 crore from the Banking, Financial Services, and Insurance segment, reflecting a marginal QoQ drop of 0.75% but a YoY increase of 2.35%. This segment contributed to 37% of TCS's total revenue in Q3. Net Profit Growth: TCS posted a 2.48% QoQ drop in its consolidated net profit at ₹11,097 crore in Q3 FY23.
In the preceding quarter (Q2 FY24), it reported a net profit of ₹11,380 crore. Also Read: Infosys Q3 Earnings: FY24 revenue guidance revised to 1.5-2%; PAT down 7% YoY to ₹6,106 crore Comparing the year-on-year (YoY) performance, there was a 2% improvement in net profit. In the same quarter a year ago, the company recorded a net profit of ₹10,883 crore.
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