BANGALORE: TCS and Cognizant are rapidly pulling ahead of Infosys and Wipro, indicating a new polarization in the IT sector.
Cognizant’s performance has been the most remarkable in the past decade. Comparable calendar year data shows that in 2004, it had revenue of $0.59 billion, 40.7% of Infosys’s revenue of $1.44 billion. By 2013, the company’s revenue had touched $8.84 billion, or 109% of Infosys’ revenue of $8.1 billion. Its annual revenue is now close to $1 billion more than Infosys’s. Against Wipro, it’s an even sharper rise.
TCS’s revenue in 2005 was $2.61 billion, or 130% of Infosys’ revenue of $2.01 billion. Now, in 2013, at $12.98 billion, it’s 160% of Infosys’s revenue. Against Wipro, the corresponding figures are 167% and 200%; in other words, TCS is twice the size of Wipro now. Clearly, it’s in a league of its own. Among the top four, only Cognizant has steadily narrowed the gap with TCS. It was 28% of TCS’ size in 2004; last year it was close to 70% the size.
Date: Feb 24, 2014
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