The country’s second-largest software services firm Infosys beat larger rival Tata Consultancy Services (TCS) in terms of revenue growth for the fiscal 2022, clocking 19.7% yearly growth in revenues in terms of constant currency for the full fiscal year, while the Tata Group company metric came in at 15.4%.
“Infosys is growing significantly faster than TCS; however, they did decelerate modestly and at least some of this looks to have been due to a client contract provision. While Infosys still sees a good pipeline of large deals, its large-deal TCV in FY22 at US$9.5 billion was 33% lower than FY21 due to lack of mega-deal signings,” said Peter Bendor-Samuel, CEO of Everest Group.
