Dichotomy continues to puzzle
Though it is still early to say whether the second quarter numbers offer a glimpse into things to come in terms of separation among the top four Indian companies but some signs are very visible. TCS, India’s largest IT service exporter is certainly racing away from the pack with its revenues more than $3 billion from its nearest competitor Infosys.
After the quarterly results of Infosys, Partha Iyengar, head of research—Gartner, India said, “Infosys continues its relatively weak and underperforming trend and year-end outlook, with the view that the market continues to be weak. It will be interesting to see what the other providers results are in the coming few days, but it is likely that the trend of performance gaps widening between various Indian service providers will continue this quarter as well and could be a trend for quite a few quarters to come.”
In an economic environment, which is not upbeat and signs of recovery still being very weak, the response of the large Indian IT companies has been very divergent. Added to this the
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