Bengaluru: The three largest IT companies India all announced their third quarter financial results on Wednesday, and all have a solid double-digit double revenue rate – reflection of a massive surge in demand and digital services throughout the world since it was a pandemic.
But the star of the day was clearly infosys.
The company has become the leader of income growth in this industry for several quarters.
But in the last quarter, it has a rate of growth in sequential dollar revenue in a constant currency (which disciplines the impact of cross currency fluctuations) as much as 7%, compared with 4% TCS, and Wipro 3%.
Performance and visibility in the future around the order book encouraged the company to raise its income guidance for the full year to 19.5% -20%, from 16.5% -17.5% provided only three months ago.
On the New York Stock Exchange (NYSE), infosys stock prices rose 5% immediately after opening, even though they were peeling them a little.
On the other hand, the extraordinary run of Thierry Delaporte in Wipro for a few quarters slowed.
In the previous two quarters, the former Capgemini executive who took over as CEO Wipro in the mid 2020, had beaten its own income guidance for those places.
Some brokerage houses expect it to repeat it in the last quarter.
But the growth rate of 3% sequential is at the midpoint of guidance.
Disappointed investors on NYSE encourage company inventories fell more than 8% in morning trade.
All companies say their growth is widely based, with good growth cross geography and vertical industries.
All said the position of their order book was the best ever.
And all say the greatest growth comes from new digital offers such as clouds and data analysis.
CEO of TCS & MD Rajesh Gopinathan said the company participated in all parts of the travel digital transformation and customer technology.
“We continue to build our capabilities throughout the cloud, digital, analytic, and other areas, and we see strong traction continued throughout the board.
We crossed TCV (total contract value) of $ 7.6 billion this quarter,” he said.
Infosys CEO Salil Parekh said the company’s pipe agreement was very strong and the overall demand environment looked very strong outside of March too.
“We are truly in the situation that all the choices we make for the past few years – build on digital, cloud and new areas sought by our clients – all digital transformation programs are very strong and we see our execution still there is good.
It gives We are the ability to increase our guidance for this year, “he said.
The large agreement of the company won accelerated, with TCV (total contract value) of $ 2.5 billion in the December quarter.
The big offer is more than $ 50 million.
Delaporte noted that the company has consistently grown in sequence at or more than 3% for five quarters now.
This, he said, was due to enhanced company execution capabilities, and follow-up on business strategies established in November 2020.
“The first nine months growth of 28% was six times faster than the average growth in the last 10 years in 10 years.
year, “he said.
However, some of the growth came from two large acquisitions carried out by Wipro last year.
TCS remains the leader of the operation margin, at 25%, slightly down from the previous quarter.
Wipro margin was 17.6%, again down from the previous quarter, but towards the range which was declared 17% -17.5%.