TCS vs Infosys vs Wipro Q3 results – here’s how India’s three IT giants stack up against each other

While TCS’ growth wasn’t as stellar as Infosys’, it is worth noting that TCS brought in revenue to the tune of $6.5 billion, while Infosys generated $4.3 billion. Wipro’s revenue stood at $2.6 billion.

TCS is on track with an annual run rate of $25 billion, while Wipro is on track for a $10 billion run rate.

The bread and butter of the three companies – IT services – were a mixed bag, with TCS and Infosys registering healthy growth while Wipro experienced a contraction.

The shrinking margin is largely due to the rising cost of hiring and retaining employees at a time when techies in India are spoilt for choice.

The rising costs of promotions and incentives as well as the record pace of hiring is eating into the profit margins of all tech companies.

Even though attrition rates continue to worsen for all the three IT majors, TCS continues to enjoy the best rates. Infosys’ rates spiked enough for the company to expand its hiring programme for the year.

TCS has also given out a whopping 1,10,000 promotions in the first nine months of the financial year and plans to give out 40,000 more in the next three months.

Large client sign ups amongst the three stood at 20 in the December quarter. TCS alone grabbed half of them, while Infosys took home 8.

Infosys honcho Salil Parekh announced that the company will hire an additional 10,000 employees in the coming quarter, against an initial target of 45,000.

Expecting high churn rates, TCS has completed its full-year fresher hiring target by December and expects to continue hiring in the next three months as well.

A stellar December quarter has led to Infosys raising its guidance for the financial year 2021-22.

TCS, which doesn’t give guidance, said “We continued our focus on growing organically and on developing the talent, methodologies, and toolkits for an ever-evolving technology landscape.”