I did a comparative analysis of the balance sheets of the 3 leading IT companies that have declared the results till date (Infosys, TCS and HCL) and here are the key observations:
1. Infosys leads in terms of QoQ Revenue growth at 3.5% with TCS trailing at 2.4% and HCL at 2% |
2. Infosys is lagging in YoY Revenue growth at 13.9% with TCS leading at 20.6% and HCL at 18.3% |
3. Infosys also leads in terms of QoQ Operating Profits growth at 14.3% with TCS trailing at 10.5% and HCL at 13.3% |
4. HCL leads in terms of YoY Operating Profits growth at 42.1% with TCS trailing at 24.8% and Infosys at 16.9% |
5. Infosys leads in terms of Operating Profits as a % of revenues at 31% with TCS trailing at 29.2% and HCL at 15.9% |
6. The SG&A expenses as a % of revenues are at 12% for Infosys with TCS leading the pack at 18% and HCL at 14.5% |
The complete table showing the numbers is below for your reference:
Parameter | Infosys | TCS | HCL |
Q3 Revenues(M USD) | 1806 | 2586 | 1022 |
QoQ Growth | 3.4% | 2.4% | 2.0% |
YoY Growth | 13.9% | 20.6% | 18.3% |
Q3 Operating Profits(M USD) | 560 | 756 | 162 |
QoQ Growth | 14.3% | 10.5% | 13.3% |
YoY Growth | 16.9% | 24.8% | 42.1% |
As % of Revenues | 31.0% | 29.2% | 15.9% |
Q3 Net Profits(M USD) | 458 | 568 | 112 |
QoQ Growth | 11.4% | 7.6% | 4.7% |
YoY Growth | 15.4% | 9.2% | 25.8% |
As % of Revenues | 25.4% | 22.0% | 11.0% |
SG&A Expenses | 216 | 460 | 148 |
As % of Revenues | 12.0% | 17.8% | 14.5% |
Please send in your comments and I will be back with more observations once CTS and Wipro also announce their results.
