• Times Now | 16-Jul-2021 18:10

    Wipro leads on growth followed by Infosys; margins dip but all players expect double digit growth in FY22

    So far TCS, Infosys and Wipro have reported their Q1 FY22 results. Wipro leads the pack with industry leading revenue growth of 12% in constant currency terms followed by Infosys posting growth of 4.8% QoQ and TCS revenues grew 2.4% QOQ. Margins for all players have come under pressure due to wage hikes etc with Wipro margins dipping the most by 220bps partly on account of impact of margin dilutive Capco acquisition. Attrition rate is rising in the industry but players do suggest that they have some margin levers. All players have said that the demand environment remains strong with strong deal momentum and growth is broad based across verticals/sectors. Despite a slightly soft Q1 TCS guided for double digit growth in FY22. Infosys revised FY22 revenue growth guidance upwards to 14% to 16% and maintained FY22 margin guidance at 22-24%. Wipro posted strong Q2 revenue growth guidance of 5% to 7%. Poonam Saney shares more details on how IT sector earnings have shaped up, let’s listen in

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