Infosys beats TCS, HCL, Wipro in cash flow
Added On:1/27/2012 8:43:00 AM

Infosys, who’s leading position in Indian software industry is being questioned by fast growing rivals like TCS, Wipro and HCL, has reported better cash flow and receivables than its rivals over the past nine months. 

It is reportedly said; during thepast nine-month period from April to December, Infosys' operating cash flow was nearly 80 percent of the overall revenue, compared to less than 50 percent each for TCS, HCL and Wipro.

The Days Sales Outstanding (DSO) is another metric where India's second-biggest software exporter performed better over its domestic rivals. During Q3, Infosys' DSO or debtor days was 62 days compared with Wipro's over 90 and TCS' 84 days. 

It is important to note that the Days Sales Outstanding (DSO) is the ratio of account receivables and total revenue. 

All in all, Infosys is able to collect monies due from customers faster than rivals, which helps it maintain a healthy cash flow in third quarter ending December, 2011. 

Market watchers added, in an industry with aggressive rivals like TCS, HCL, Wipro and Cognizant, Infosys still needs more than its cash discipline to gain market share. 

Let’s hope Infosys will regain its leading position in Indian software industry very soon.  

 

ITVoir NewsDesk


Tags: Infosys, HCL, TCS, cognizant, global slowdown, currency volatility
  

Related News

The tech giant Wipro has doubled its efforts for collaborations with tech start-ups. Recently, the company released a Rs 100 crore venture fund that would be looked after by Rishad Prem...

Wipro is making another identity in the Indian IT industry by rewarding nearly one in every five of its employees with a 16% salary hike, with an objective to retain and encourage the best-perfor...

The battle between the Indian IT giants is getting fiercer. They are growingly either paying money upfront or acquiring assets for swinging deals towards their favour. 
 
This is t...

News Archive - News
1  2  3  4  5  6  7  8  9  10  11  12  13  14  15    Older>>  

The battle between the Indian IT giants is getting fiercer. They are growingly either paying money upfront or acquiring assets for swinging deals towards their favour. 
 
This is t...

According to recent reports, with the growing penetration of smartphones and mobile internet, the application download in the country is speculated to surpass the mark of 9 billion by the end of 2015....

India is the third largest internet market in the world, especially for social networking majors like Facebook and Twitter. 
 
Outside US, these social networks comb...

The Indian IT major Wipro is planning to set up a corporate venture wing that will be spearheaded by Rishad Premji, with an initial investment of $100 million that is Rs 600 crore in st...

According to recent reports, Google is working on building a gigantic 5.9 inch smartphone that will be coming in November. This will be another one-step-further product by the company i...

In an endeavour to upraise IT-led governance and reaching closer to citizens, the Modi-led government is working for expanding mobile connectivity, with a target to support state governments...

The enterprise giant Oracle is planning to build-up branch offices all over the country with covering almost every state capital within its new plan to boost business. 
 ...

In an endeavour to diminish the distance between the government and citizens, the Indian Prime Minister Narendra Modi has launched a web MyGov that aims at helping citizens contribute to governance by...

As the software major Microsoft is eyeing the multi-billion dollars cloud and mobile space, it is aiming at introducing more solutions like Skype translator, besides unifying the whole...

As the IT & tech firms are riding with the support of operation performance and they are seeking its better form, it is speculated that they would raise the wages for workforces in...
Top
Tags

Information provided on this page has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions.ITVoir.com, and its affiliates, information providers or content providers, shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this page, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information.
ITVoir.com,its affiliates, information providers and content providers shall have no liability for investment decisions or other actions taken or made by you based on the information provided.

Computer Vendors In India 
Computer Vendors In India - Delhi [Delhi]
Computer Vendors In India - Chandigarh [Punjab]
Computer Vendors In India - Mumbai [Maharashtra]
Computer Vendors In India - Banglore [Karnataka]
Computer Vendors In India - Agra[Uttar Pradesh]
Computer Vendors In India -Chennai[Tamil Nadu]
Computer Vendors In India - Kolkatta [West Bengal]
Computer Vendors In India - Kochi [Kerela]
Computer Vendors In India - Nagpur [Maharashtra]
Computer Vendors In India - Gurgaon[Haryana]
Follow us on:


 
 



 


 
B Jayashankar, Founder & CEO, KNEWCLEUS, talks about infus..

B Jayashankar

Founder & CEO , KNEWCLEUS

B Jayashankar, Founder & CEO, KNEWCLEUS, talks about infusing technology to ed..

 

Tito Vatapilly

CEO & Co-Founder , Node Technologies

Tito Vatapilly, CEO & Co-Founder, Node Technologies, ..

Abhay Ghate

VP & CTO , Nihilent

Abhay Ghate, VP & CTO, Nihilent, talks about efficien..

 


 
SanDisk Global Product Launch_Hon Wai Cheah Gavin Wu and Manisha Sood unveiling the new product rangeIntel India announced the launch of Intel Future Scientist program in the state of KarnatakaPuneet Chadha, Director GSB, HP-IPG & Siddharth Malhotra, Director Arun&Rajive Pvt. Ltd. - unveiling the HP Wall ArtSeagate Back-up Plus Launch – (L-R) Mr. Futoshi Nizuma, Mr. Benshen Teh, Mr. Nermount Hoh and Mr. Rajesh Khurana unveiling the new product. Toshiba launches AOC TV appoints Ms. Kalki Koechlin as the Brand Ambassador; showcases new range of LCD & LED TVsFujitsu Launches two new Ultrabooks, LIFEBOOK    UH572  and LIFEBOOK    U772 in India. Asus associates with Intel and Microsoft launches mainstream Ultrabooks S Series and Thin and Light notebooks F series. L- R Mr. Unaez Quraishi, Sales, Mr. Alex Huang, MD,  System business Group, Asus India, Mr. Sumeet Gugnani, Director - Multinational Accounts, Microsoft India - Mr. Sandeep Aurora, Director of Marketing, Intel South Asia.