On 12th April 2019, March quarter result of the country's IT majors, Infosys and Tata Consultancy Service (TCS) gave an emotion on many investors in the market.
For the first time, the disclosure of Q4 FY19 was made by both of the company on the same day. The two companies posted their growth in their PAT levels.
The total profit reported by TCS Q4 FY19 is over Rs 8,126 crore, which is up by 17.7% on a yearly basis. And the revenue of the company came nearly to Rs. 38,010 crore. While TCS recorded its one of the strongest revenue growth since its last fifteen quarters.
Infosys reported a blowing net profit of around Rs 4,078 crore with revenue growth of 7.5- 9% in FY 2019-20.
Final dividend of Rs 18 per share was announced by TCS while Infosys final dividend payout was only Rs. 10.5 per share.
Investors have continued buying the shares of TCS. Now, the share price of TCS has jumped to nearly 4% with the current share price reaching Rs. 2133.
Whereas, Infosys share price experienced declined to nearly 5% in just a few minutes of the opening session on the Sensex. The share price of Infosys is around Rs. 724.
The market experts say about TCS speeding revenue growth that it is beating expectations and setting a name where it will be the fastest growing large-cap, despite it having the largest base.