Top Four Indian IT Companies' March'14 Quarter Financial Performance
Priyanka Kumari / 22 Apr 2014
With the end of March quarter, most of the companies have started reporting their financial performance for the fourth quarter of financial year 2013-2014. In this line, top IT firms are the first to announce their result. Read on to know more…
With the end of March quarter, most of the companies have started reporting their financial performance for the fourth quarter of financial year 2013-2014. In this line, top IT firms are the first to announce their result.For Q4FY14, the performance of most of the IT firms stands as per the street estimates. Hence, here we are listing down the performance for March quarter FY14 of the ‘Top four Indian IT firms’ on revenue, profit and operating margin front. These four companies combined, reported a revenue growth of 1.2% and the net profit growth at 4%, both on sequential basis. Tech Mahindra, another top IT company is yet to announce its financial performance for March quarter FY14.
To arrive at the below table, we have used the following filters :
- We have taken the consolidated revenue and net profit growth for March quarter FY14.
- We have taken the top four players in the Indian IT industry.
| Company | Q-o-Q Basis March'14 Quarter Growth (%) | Operating Margin (%) | |
|---|---|---|---|
| Revenue | Net Profit | ||
| Tata Consultancy Services | 1.21 | 0.45 | 30 |
| Infosys | -1.16 | 4.07 | 25.5 |
| Wipro | 3.32 | 10.51 | 24.5 |
| HCL Technologies | 2.02 | 8.56 | 26.7 |
| Combined Performance of top four IT Compaies | 1.2 | 4.1 | 27 |
Tata Consultancy Services (TCS): TCS, the leader in Indian IT sector posted a topline growth of 1.2% and the bottomline improved by 0.5%. Operating margin of the company stood at 30%. Moreover, the company’s management intends to show a strong growth in coming 12 months backed by the new growth opportunities which the company expects to come across into the industry.
Infosys: Infosys is the second largest Indian IT sector player after TCS. Though, the company’s topline dropped by 1% in March quarter compared with December quarter, it showed a healthy growth of 4% in its net profit. Its operating margin for the quarter stands at 25.5%. The company gave a positive guidance for the financial year 2014-15 and expects the revenue to grow at 5.6%-7.6% in INR terms.
Wipro: Wipro, whose 90% revenue, is driven from IT services, reported a growth of 3.3% in its revenue on quarter on quarter basis. Its bottomline jumped by 10.5% for the same period and the operating margin came in at 24.5%. In addition, Wipro in its guidance for the next quarter ending June 30, 2014, expects the business revenue to be in the range of USD 1715 million to USD 1755 million (Rs 10290 crore – Rs 10530 crore). The guidance is based on the conversion rate of 61.62 for one dollar.
HCL Technologies: HCL Technologies, during the March quarter FY14, reported a net sales growth of 2% and a net profit growth of 8.6% both on sequential basis. Its operating margin for the same quarter stood at 26.7%. With the result announcement, the company's management has indicated various initiatives to drive its offerings across the service lines. The management is confident on its strong positioning in the market, and expects to gain from its strong services pipeline.
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