Adding Over $1b a Year, TCS Keeps Infy at Bay
Bengaluru: Infosys may have trumped Tata Consultancy Services in revenue growth rate for fiscal 2015-16, but market leader TCS still ended up doing more new business during the year.
TCS generated incremental revenue of about $1.09 billion in the just-ended fiscal year, even though the overall top line grew just 7.1% to $16.54 billion — an ordinary year by the company’s standards with it failing to post industry-leading growth rate for the first time in nearly a decade.
In comparison, Infosys raked in actual business of $790 million during a year that was widely seen as a comeback one for the company under the stewardship of Chief Executive Vishal Sikka.
Incremental revenue, or additional revenue generated, has become one of the most important benchmarks to track in India’s $160 billion IT industry.
Incremental revenue growth of TCS vs Infosys over the past 4 years