TCS and Infosys Q1 results: A case of contrast in growth and attrition

Money Control | Jul 13, 2019 at 7:54 PM
  • India’s two largest IT majors announced their results last week.
  • TCS was cautious yet confident on growth where Infosys was positive and even increased its revenue guidance from 7.5-9.5 percent to 8.5-10 percent for the full year FY20.
  • Nilanjan Roy, CFO, Infosys had attributed the growth to the company’s banking product platform Finacle and the acquisition of Stater in May 2019.