Q3 perks up for TCS, Infosys, Wipro on robust demand
CEO Rajesh Gopinathan says Q3 was one of the best quarters TCS has “enjoyed” in many years, as “the broad-based nature of the growth is the stand-out feature.”
CEO Rajesh Gopinathan says Q3 was one of the best quarters TCS has “enjoyed” in many years, as “the broad-based nature of the growth is the stand-out feature.”
Total revenue jumped to ₹48,885 crore during the quarter ended December 31, 2021, as against ₹42,015 crore during the same period a year ago.
Brokerage houses expect Infosys to raise its FY22 revenue growth guidance, while wage hikes and hiring might hit margins for the IT majors.
India’s biggest IT company grew at the slowest pace among peers, reported flat profit in Q3. CEO Rajesh Gopinathan termed the muted performance as a “short-term phenomenon”.