In a first, TCS, Infosys to release March quarter results on the same day

Tata Consultancy Services (TCS) and Infosys Technologies, the two largest in the country’s information technology (IT) sector, have never yet announced their financial results the same day.

This will change on April 12. Some see this as reflecting a new confidence at Infosys. The sector, overall, is expected to post good results for the March quarter, the final one for 2018-19. In early heydays, Infosys was the first to announce its earnings, followed by TCS. Then TCS started doing so. This was around when TCS became the clear leader, the revenue gap between the two widening.

In the past five financial years (FY15 to FY19), there were only six quarters when Infosys announced its results first. FY15 and FY16 were when Infosys had a clear lead. Starting FY17, the trend reversed, coinciding with the period of turmoil at Infosys — Vishal Sikka, the then chief executive, and founders were at loggerheads over various issues.