Infosys beats TCS as growth continues on the back of North America business Infosys not only beat analysts’ revenue and profit expectations for the seasonally weak December quarter but also raised its growth outlook for the full year, driven by stronger discretionary.
Infosys Outshines TCS with Strong Growth in North America
In a remarkable turn of events, Infosys has eclipsed Tata Consultancy Services (TCS) in the latest quarter, showcasing impressive growth primarily fueled by its North American business. The IT giant not only surpassed analysts’ revenue and profit expectations for the typically sluggish December quarter but also raised its growth outlook for the full year.
Strong Performance Amid Seasonal Weakness
Despite the December quarter being traditionally weak for many firms, Infosys demonstrated resilience and adaptability. The company’s revenue for the quarter stood at ₹38,318 crore, marking a year-on-year increase of 13%. Profit after tax also saw a robust rise, with a figure of ₹6,586 crore, representing a 17% increase from the previous year. This stellar performance is a testament to Infosys’s strategic focus on discretionary spending, particularly in the North American market.
Growth Outlook Boosted
In a significant move, Infosys has revised its revenue growth guidance for the fiscal year, now expecting growth between 16% to 16.5%. This upward revision is largely attributed to increased demand for digital services and cloud solutions among clients in North America. The company’s ability to adapt to the changing needs of the market has proven crucial in maintaining its competitive edge over TCS.
Why Choose Infosys?
For clients and investors alike, the results underscore Infosys’s strong positioning in the global IT landscape. With a keen focus on innovation and a commitment to delivering high-quality services, Infosys is well-poised for continued growth.
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Conclusion
Infosys’s recent performance illustrates not just resilience but a promising future. As the company continues to thrive in the North American market, it sets a high bar for competitors like TCS. Stay tuned for more updates as we track the evolving landscape of the IT industry.
