Infosys operating marginBefore last quarter’s results, Infosys was doing a relatively better job of gaining investor approval. That’s below the management’s targeted range of 26% to 28%, according to Bloomberg Intelligence. This time last year, TCS shares enjoyed a 15% higher valuation than Infosys, based on analysts’ expectations of future earnings. Then on Thursday, TCS beat revenue and profit estimates for the June quarter, but operating margins shrank to 25%. But while Infosys Ltd and Tata Consultancy Services Ltd (TCS) have presented contrasting images of each other at times, together the two big Indian software exporters have held a mirror.

Source: Mint July 15, 2016 10:18 UTC