Major IT companies announce quarterly earnings
TCS, Infosys, Wipro may post strong Q3 numbers today on robust demand
As three of India's top IT services companies announce their third-quarter results on the same day for the first time, analysts expect Tata Consultancy Service, Infosys NSE 1.03 % and Wipro NSE -6.02 % to report on Wednesday strong numbers led by robust client demand.
TCS, Infosys and Wipro Q3 earnings: 5 things to watch out for
For the first time, three major Indian IT services companies – Tata Consultancy Services Ltd (TCS), Infosys Ltd, and Wipro Ltd – will be announcing their quarterly earnings on the same day.
As the big three are set to declare their third-quarter earnings on Wednesday, investors will keenly watch out for management commentary on outlook, attrition rates, and deal momentum.
IT Q3 Results: Infosys beats TCS, Wipro with higher sequential growth
Infosys outperformed its peers Tata Consultancy Services and Wipro in the quarter ended December 2021 in terms of sequential growth and said its revenue will grow by 19.5-20% in the fiscal ended March 31, 2022, buoyed by sustained expansion in global technology spending amid the ongoing pandemic.
TCS third quarter revenue growth surged to five-year high of ₹48,885 crore.
India's information technology heavyweights have reported strong third quarter even though attrition rates rose sharply and misses in few segments. The country's biggest software exporter Tata Consultancy Services (TCS) revenue growth surged to five-year high of ₹48,885 crore, rising 16% over the previous year period.
Infosys, TCS, Wipro Q3 Results Highlights | Infy PAT jumps 7.2% QoQ, TCS posts Rs 9,769 cr profit, Wipro reports 20,432 cr revenue
IT majors Infosys, Tata Consultancy Services (TCS) and Wipro announced their quarterly results on January 12.Wipro has reported a 2.3 percent sequential growth in its Q3 FY22 revenue, which came in at $264 billion in terms of dollar and a 3 percent sequential growth in terms of rupee.Net profit totaled $399.10 million in
IT Q3 results: TCS and Infosys beat Street estimates, Wipro misses
On a day three IT services majors announced their third quarter financial results for FY22, Infosys clearly led the chart with a strong performance on several fronts. Both Tata Consultancy Services and Infy beat the Street estimates on growth, while Wipro fell short of expectations after delivering consistent performance in the last three to four quarters.
TCS, Infosys, and Wipro Q3 Results Today: Know Projections Ahead Of Crucial Earnings
Three IT services majors — Infosys, TCS, and Wipro — are among the first set of large-cap companies to announce December earnings on Wednesday. The third quarter is typically seen as the lull period for the IT services sector as a result of furloughs in its majority markets, including the US and Europe.
The operating margin of India Inc is likely to witness a drop in the December quarter with a 100-120 bps year-on-year (YoY) decline, as 27/40 sectors are set to see crimped margins despite higher revenue, according to the Crisil report quoted in a PTI report.
TCS vs Infosys vs Wipro Q3 results – here’s how India’s three IT giants stack up against each other
The troika of Indian IT service giants, TCS, Infosys and Wipro announced their quarterly results on the same day for the first time. While the results were generally upbeat and in line with market expectations, there were some surprises like Infosys witnessing a worsening attrition rate, while Wipro witnessed its worst quarter this year in terms of revenue growth in constant currency terms.