Long-term trend intact for Infosys despite a slow Q4
When incremental revenue is considered, Infosys added $ 781 million to the topline in FY21 from FY20 level compared with the addition of $ 142 million by TCS. This shows a better acceleration in the topline by Infosys during the past fiscal year.
Synopsis
The fourth quarter revenue of Infosys grew by 2.8 per cent sequentially to $ 3,613 million compared with the expectation of nearly 4 per cent growth. It was also slower than the 5 per cent increase reported by TCS in its revenue at $ 5,989 million.
ET Intelligence Group: The March quarter performance of Infosys may seem to be disappointing when compared with the analysts’ expectations and with the stellar numbers reported by the largest peer Tata Consultancy Services (TCS). But, the management commentary of the country’s second largest software exporter and its strong revenue growth guidance for the current fiscal year suggest that the subdued fourth quarter performance may be more of a
