TCS Q4 Results Meet Expectations

Bangalore: Tata Consultancy Services, the India’s largest technology outsourcing services announced its Q4FY12 results. The company’s estimated net profit for the fourth quarter of the year from January-March is 1.6 percent to 2932 crore. So its total income from operations in this fourth quarter is 13, 259.3 crore which is 30.5 percent more than last year.

In contrast the other peer company Infosys dropped down by 1.9 percent. HCL Tech along with TCS had a better performance this quarter and they are expected to grow faster than the industry average growth in FY13. "It is a normal year," said Chief Executive N Chandrasekaran. "The order book is very healthy and has been continuously improving. We see very good momentum”, as quoted by The Economic Times.

The downfall of Infosys has affected the market and has created doubts over the sectors ability to grow in tough economic conditions in the two major markets U.S. and Europe. The other IT companies like TCS and HCL Tech shows that Infosys no longer can represent the overall trend in the sector.

TCS grew its share from 48 percent to 54 percent in the last twelve months whereas HCL retained its growth to the proportion of 19.5 percent. But instead of all these problems all the three companies have shown progress in client acquisition.

The Industry trackers believe that TCS and HCL have stressed more on large transformational outsourcing deals over the past few quarters which may have resulted in their fast growth.