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

India’s third largest software firm, Wipro has shared 28.8% rise in profit to Rs. 2,226.5 crore in the last quarter ending March, with the improvement in global economic sentiment...

As it is demanded by niche technology areas and data analytics is getting fierce, the software enterprises are approaching to colleges and universities to suffice the needs emerging from digital revol...

Wipro is aiming at becoming a one-stop store for US customers by looking beyond classical app development. For this, the company is planning to export is most successful model in India to US.&nbs...

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

According to reports, the enterprise mobility segment is expected to reach $1.8 billion by 2017, as there is a greater number of enterprises focusing on such mobility applications which are focused on...

HCL is expecting its pipeline of financial services in Europe to expand beyond $1 billion this fiscal year. According to a senior official of HCL Technologies, the economy is improving and Europe...

Nokia has unveiled its X range of mobile devices to produce revenue on the rising segment of affordable smartphones.
 
“The segment of affordable smartphones in 2014 grew to...

Foxconn, the renowned mobile component maker shared that it is expecting to manufacture about 90 million units of Apple’s iconic sixth version of iPhone this year. 
 
Th...

The IT giant Infosys is expecting lethargic growth in the January to March quarter because of muted spending by clients, mainly in the retail region. 
 
“The s...

The giants are endeavouring hard in this highly competitive phase to reach grasp the maximum of market they can. And as Windows phone has been failing to make a significant coverage of the m...

Now, Yelp will direct Yahoo search engine for search results. Within the partnership between the two, Yahoo search results will now provide local business reviews from Yelp. 
...

Wipro has signed a strategic partnership with SGI for its further expansion. With this partnership, SGI aims at broadening the market presence in the swiftly emerging India. 
 

IBM Chief, Virginia Rometty was paid $13.97 million in 2013, lower than $16.2 million in 2012.
 
The update has been released according to the documents filed with SEC.
 ...

Hewlett Packard (HP) Australia has counted a net loss of $270 million in 12 months to 31st October 2013.
 
The revenue of HP Australia fell marginally from $3.5 billion i...
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:



 
 



 


 
Mr. Harish, Country Manager, India, ComGuard Infosol, talk..

Harish

Country Manager, India , ComGuard Infosol

Mr. Harish, Country Manager, India, ComGuard Infosol, talks about the company

 

Rajesh Gupta

Country Manager, India , SanDisk

Rajesh Gupta, Country Manager, SanDisk India, talks a..

AMbarish

Founder & CEO , Knowlarity Communication

Mr. AMbarish said, "We're very bullish about the oppo..

 


 
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.