TCS expected to lead in performance, Wipro to lag
Wednesday, 13th April 2011
Kotak expects TCS to grow 5.6% sequentially and 32% annually; while ICICI Securities expects the company to grow 3.5% sequentially and 29.3% annually. TCS is seen to benefit from its large exposure to BFSI.
Infosys is expected to grow between 3.2% and 4.7% sequentially and 23.4% and 25.2% annually. Analysts expect Wipro's IT services to underperform its large cap peers with a 1.6- 4% sequential growth and 13.9-16 .7% annual growth. The company is in the process of a major reorganization exercise and has implemented cost-cutting measures, reduced redundancies and is trying to make the organization more efficient. But those efforts may take time to play out.
Publication : Economic Times