TCS, the largest IT exporter, recorded 8.6 per cent growth in dollar-revenue for FY18, the fastest in three years. For Infosys, the 7.2 per cent topline growth was the lowest in as many years. Infosys declared special dividend over and above the usual annual dividend and also proposed to return cash in the near term. TCS announced one bonus share for one held apart from declaring dividend.TCS results were out after market hours on Thursday. The valuation gap would stay or even increase in the short term until Infosys shows signs of recovery.

Source: Economic Times April 20, 2018 02:38 UTC