Despite pressure on dollar revenues, reported revenue growth remained steady. TCS led the pack with a 5.4% sequential rise in revenue to Rs 70,698 crore, beating estimates, while Infosys posted a 2% year-on-year increase to Rs 46,402 crore. Wipro reported Rs 24,236 crore in Q4 revenue, up 3% sequentially.
Margins, however, told a more differentiated story. Wipro emerged as the standout performer, with EBIT jumping 19.7% sequentially to Rs 4,181 crore and margins expanding sharply to 17.3%. TCS maintained industry-leading margins at 25.3%, with EBIT rising 6% sequentially to Rs 17,870 crore. Infosys saw a modest improvement, with EBIT margins inching up to 21%.
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