Infosys vs TCS: How The Two Companies Have Fared In Last Five YearsThe Indian IT industry is one of the leading destinations in the world for the services sourcing business. According to the India Brand Equity Foundation (IBEF) report, it accounts for approximately 55% of the global IT services industry market share. In India, the industry accounted for 8% of the GDP in 2020. The major players in this rapidly growing industry are Infosys and Tata Consultancy Services (TCS). In this article, we compare the two companies on the basis of business operations, financial performance and future growth prospects.Business overviewInfosys is one of the leading Indian IT services companies offering traditional and digital IT and consulting services. The company\'s digital services-related capabilities in cloud computing, the internet of things (IoT), big data and analytics, and artificial intelligence (AI) are ranked the best in the industry. The key business verticals for Infosys are financial services, retail, communication, energy and utilities, and manufacturing.TCS is a part of the Tata group. It has been offering IT services, business solutions and consultancy services for the past 50 years.The company holds a leading position among Indian players in the IT services space. It provides outsourcing, has a diversified client base and offers a wide range of services. The key business verticals for TCS are the same as Infosys, barring manufacturing. The company instead has a life science and healthcare division.Source: NDTV
QONEQT
?