Difference between Infosys, Wipro and TCS
Three companies considered to be the backbone of the Information Technology sector in India include Infosys, Wipro and the TCS (Tata Consultancy Services). Those who are searching for IT jobs, India’s technology industry and the stock market have their eyes fixed on these three companies. There is a great deal of competition between them in terms of manpower, revenue, profitable deals and the profits gained.
Infosys has recently shown a fall in net profit of about 3.6 % which is equivalent to Rs.1, 582 Crore. Rs. 5,742 crore is the revenue generated from the products and services offered by Infosys which is far less than what it earned previously. This represented as a decrease in profits. TCS is showing good results in terms of profit margin. TCS has been able to turn profits from their suite of products and services. Wipro, also, has also been able to prove itself by demonstrating an increase in profits.
The company most active in hiring new sets of people is Infosys. They have been able to break a record by hiring around 6,000 employees in a year. TCS is no way far behind in hiring new candidates, as it recently hired around 3,000 employees in a year. In 2010, they expect to hire even more, even as many as 8,500 new employees. Wipro looks forward to hiring employees from various campuses and universities; they are more focused on hiring on new graduates.
Infosys has seen marked success in achieving around 32 clients in just one quarter; there are various clients from the financial and the banking sectors as well. TCS has been able to acquire a similar number of clients and Wipro is also following the same trend and has gained success. These companies have been able to acquire large number of clients due to their available products and services.
These three companies have achieved a lot of success and with their constant development and plans for the future.
- These companies have achieved success in terms of profit margin with the exception of Infosys.
- These companies are making sure to hire more and more potential professionals where as Wipro is focusing chiefly on candidates fresh out of universities.These companies have achieved success in acquiring clients.
- Though these companies are the mainstay of the Indian IT sector, there is much more to be done to build up the Technology sector of the country. All of these firms are still in their development stage and expect to be in even better shape in the near future.