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Published: April 23, 2024
Updated: April 23, 2024

Decoding Q4 Results: TCS, Infosys, and Wipro Showdown - Analyst Insights

The fourth quarter results of major Indian IT giants TCS, Infosys, and Wipro are in, stirring up discussions among investors and analysts alike. While TCS and Infosys boasted strong performances, Wipro faced uncertainties in the demand environment.

TCS Triumph:

TCS witnessed a 3.5% year-on-year rise in consolidated revenue, reaching ₹61,237 crore for Q4FY24. With a consolidated net profit surge of 9.1% year-on-year to ₹12,434 crore, TCS demonstrated robust growth amidst challenges.

Infosys Insights:

Infosys reported a notable 30% year-on-year increase in net profit, totaling ₹7,975 crore for Q4FY24. However, revenue in constant currency terms remained flat year-on-year, signalling challenges despite profit growth.

Wipro's Woes:

In contrast, Wipro saw a decline in consolidated net profit by 8% to ₹2,835 crore, with revenue from operations dropping 4% year-on-year to ₹22,208.3 crore. The company faces hurdles in ensuring timely deal ramp-ups.

Expert Analysis:

Analysts favour TCS over Infosys and Wipro, attributing TCS's superior performance and stable outlook to effective management strategies. TCS's strong deal win momentum and resilience in the face of challenges position it as the top pick among tier-1 IT companies.

Investment Recommendations:

Experts suggest investors consider adding TCS to their portfolios, citing its efficiency, strong margin expansion, and robust growth prospects. While Infosys offers potential for upward growth, its attractive valuation compared to counterparts like TCS and Wipro makes it an appealing choice.

In the competitive landscape of Indian IT, TCS emerges as the frontrunner, backed by its stellar Q4 performance and optimistic outlook for the future. Investors keen on navigating the IT sector with confidence may find TCS to be a promising investment avenue, poised for continued success.