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Our Bureau

Recruitments at brisk pace by Big 4

Chennai , May 28

The financial performance of frontline software companies presents a mixed picture for the fourth quarter ended March 2006.

While TCS and Wipro have clocked good revenue growth on a sequential (quarter-on-quarter) basis, Infosys and Satyam Computers have ended on a disappointing note.

Though the weak trend persisted for Infosys on the operating profit front, Satyam managed to buck the trend to some extent.

For the software majors that had logged two successive quarters of double-digit sequential growth in revenues, the latest quarter must be counted as a letdown.

Operating metrics

On the client composition front, the top five and top 10 clients of the software majors have sustained the revenue growth of the software majors, in tune with the third quarter.

While TCS has recorded the biggest sequential growth from its top client, Satyam has scored on the top five and top ten-client front.

Infosys and TCS are neck-and-neck - with each having nine clients contributing annual revenues of $50 million. In the number of $1-million clients, TCS scores higher than Infosys, while the latter and Wipro are tied at 221.

The client addition momentum was maintained by all software majors, with TCS topping the charts with an addition of 89 clients.

The onsite-offshore mix appear balanced for Infosys at around 50:50, but Wipro, Satyam and TCS have their scales tilted towards onsite.

The employee addition across all four companies presented a uniform picture. Some 3,000 employees were added by each of them, with TCS at the top with 3,571 and Wipro coming in last at 2,728.

Utilisation rates remained healthy for TCS, Infosys, and Satyam - at or above 70 per cent - while Wipro's was at 65 per cent.

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