Infosys vs TCS: How Q4FY15 results for the two IT majors compare

The results of both the IT majors have been appreciated by the markets. Analysts had during the day upgraded Infosys’ target price after the company came out with a better-than-expected guidance. Though Infosys closed 5.7% higher, near its lowest point of the day after opening nearly 8.1% higher, analysts have raised their price targets.   Indian stock market astrology prediction
 
TCS announced its results after markets closed on Monday and hence the resultant impact cannot be ascertained (Indian markets are closed on Tuesday for Mahavir Jayanti). However, TCS, which opened lower on account of a US trial in which the jury awarded close to $10 million in damages, closed the day at the day’s high after the company said it would contest the claim. Kotak Securities in a report on the event said that it prima facie does not see the US case as one of infringement. Analysts in general, too, were not particularly perturbed by the legal issue and have given the company’s performance a thumbs-up.    Sensex Astrology 
 
Both TCS and Infosys beat analysts’ expectations on profits. Infosys posted a net profit of Rs 3,597 crore against estimates of about Rs 3,520 crore. TCS, too, recorded profit of Rs 6,341 crore, higher than expectations of Rs 6,300 crore.     Share Market Astrology
 
Given the difference in geographies the two companies cater to, it is better to compare revenues of the two companies in constant currency terms or comparing their volume growth. Infosys posted a constant currency growth rate of 1.9% sequentially for the March 2016 quarter. Volume growth for the company was 2.4%. TCS posted 2.1% QoQ growth in constant currency term and a volume growth of 3.2% during the same period. TCS seems to be leading the race on volume growth, strictly on a QoQ basis.    Nifty Trading Tips