TCS ahead of Infy and HCL Tech in Q2 results; Wipro’s awaited

Surging 44% growth in Q2 FY13; TCS has out shined its fellow counterparts, Infosys and HCL Technologies on all fronts. Wipro is yet to announce its results.
TCS revenues were up 34 per cent year-on-year at Rs 15,621 crore during the quarter.
Infosys' YoY revenue grew only 21 % in Q2(ended September 30th) whereas HCL Technologies showed 31% YoY growth in its Q1(ended September).
TCS net profits climbed 44 per cent from a year earlier to Rs 3,512 crore driven by growth across geographies and businesses. Net profits for Infosys' were 24.3% and HCL's were 78.1%.
TCS witnessed strongest growth in volume of five per cent in the September quarter, followed by HCL. TCS's growth in Q2 saw surge in industry segments led by Manufacturing, Retail, Telecom and BFSI.
Robust volume growth and a healthy deal platter worked for TCS results. TCS won 11 large deals in the quarter. HCL Tech on the other hand, has been steadily improving its performance over the last few quarters. HCL posted strong volume growth of 4.5 per cent, in addition to signing a robust 12 large deals in the quarter.
Infosys, though lagging a little behind, saw a pick-up on this front as the company recorded its highest volume growth since the September quarter of 3.8 per cent.
TCS bagged deals and projects across spectrum of hot areas like Big Data; mobility, products and platforms.
TCS also hired 18,654 employees on a gross basis. The company reported its lowest attrition rate, 11.4 per cent, in the last 10 quarters. The company's utilization rate excluding trainees was 81.6 per cent.
TCS also announced the appointment of Rajesh Gopinathan, vice-president, business finance, as the next chief financial officer. He has been appointed deputy CFO from on Friday.