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.
Tags: Infosys, HCL, TCS, cognizant, global slowdown, currency volatility
Jasper Infotech owned eCommerce firm Snapdeal.com has appointed former Bharti Airtel senior executive, Govind Rajan as the chief strategy. And, with this, the eCommerce major has hired another airtel...
India is surely reflecting its potential to the whole world, as we have been witnessing numerous foreign investors and companies arriving to India for empowering themselves and setting or broadening t...
The eMarketer firm Askme is planning to broaden its presence both in the country as well as across the world and that includes an initial investment of $100 million funds and a headcount rise to about...
The tech giant Accenture has surpassed the leading IT company of the country, TCS with its headcounts in accordance to the latest quarter reports. Plus, the company is planning to hire furthermore 95,...
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.