A robust show in each of the three quarters of the fiscal will ensure that Cognizant will be able to deliver a much higher growth for the year.
The telecom major gained more than 6% as investors cheered the sustained momentum in its data-related revenue and rising penetration of nonvoice services.
Bharti’s stock rallied by over 4% after the results announcement despite a sharp fall of 26% sequentially and 29% year-on-year in the net profit.
The stock has gained 13% in the past three trading sessions after it declared the second quarter performance on Thursday.
TCS & HCL continued to invest profits in business expansion, which helped them take advantage of the demand pick-up in BFSI after the global crisis.
Wipro's quarterly growth in dollar denominated revenue continued to lag its peers including TCS, Infosys, and HCL Techologies in the September 2013 quarter.
The stock of software and intellectual property solutions provider Persistent Systems gained 40% in three months and 24% of that was earned in just a month.
The firm's greater focus on IP related revenue, which does'nt grow in line with to workforce addition, thereby improving profitability, has started paying off.
For HCL Technologies, the share of revenue from IT-related projects has increased to 33.4% in the September 2013 quarter from 24.6% two years ago.
TCS continued to surprise markets by declaring better than expected growth in sales and profits and higher business volume during the Sept quarter.
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