The stock of Persistent Systems has yielded 57% return over the past year, bay and large outperforming the 5% gain in the ET Infotech index.
Performance of the country’s top four IT exporters over the last five fiscal years reveals that TCS and HCL Tech gained over 300-400 bps.
Wipro has delivered a modest growth of 5% in FY13 revenue at $6,217.8 million without sacrificing profitability.
The gap between the likes of TCS and HCL Technologies and industry veteran Infosys is widening as far as financial performance is concerned.
The company also reported 13.7% topline growth for the full year ended March 2013, better than the industry average of over 10% increase.
HCL Tech’s resilient show is against the backdrop of depressed performance of Infosys Technologies which underscores that Infosys is largely facing company-specific issues.
The larger proportion of cash aggregating over Rs 22k cr reduces the enterprise value of cos such as Infy, thus making them attractive takeover targets.
No successful man or an institution can escape the most wretched curse of all – the mid-life crisis. Infosys Technologies is just living through it.
The March quarter performance of Infosys is more than disappointing with dwindling topline growth, a sharp margin erosion, and pressure on billing rates.
Analysts on average expect Infosys to report a topline growth of 3% for the March 2013 quarter helped by the revenue from Lodestone.
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