INFY VS TCS RESULTS

Annual outlook: Infosys has given a muted sales outlook for fiscal 2013-14, citing a challenging global economy. It said dollar revenues are likely to grow between 6 and 10 per cent in fiscal 2013-14, lower than estimates of 9 to 13 per cent. The poor forecast disappointed investors and sent Infosys shares down 21 per cent. TCS, which does not give out an annual sales outlook, has said the company will grow faster than industry body Nasscom's 12-14 per cent projection for fiscal 2013-14......

Sales: Fourth quarter sales at Infosys were flat sequentially at Rs. 10,454 crore, up 0.3 per cent. The numbers were better for TCS, which reported a 2.2 per cent sequential growth at Rs. 16,430 crore. On a year-on-year basis, TCS' Q4 revenue grew 24 per cent, while Infosys reported an 18.1 per cent rise.

Revenue strategy: Infosys has struggled to implement a strategy of generating a higher proportion of revenue from its own software platforms, and its market share has been essentially flat for the past two years. By contrast, TCS has focused on more traditional outsourcing services.

Business volumes: TCS grew its business volume by 4.4 per cent from the previous quarter, compared with 1.8 per cent growth at Infosys.

Net profit: Infosys' fourth quarter net profit at Rs. 2,394 crore is a 1.1 per cent growth sequentially and a 3.4 per cent growth year-on-year. At Rs. 3,597 crore, TCS saw its net profit surge 22.1 per cent year on year and 1.3 per cent seque