For the financial year 2018-19, TCS net profit rose 21.9 per cent to Rs 31,472 crore, while revenue grew 19 per cent to Rs 1,46,463 crore; the board recommended a final dividend of Rs 18 per equity share

Infosys board recommended a final dividend of Rs 10.50 per equity share; Net sales grew 19.1 per cent to Rs 21,539 crore from Rs 18,083 crore in the corresponding quarter last year

The rating agency expects corporate revenue growth in Q2 to nearly double year-on-year to 12.1 per cent.

Revenue growth for the country's largest software exported is seen in Q4 at 2.2% Q-o-Q from 1.3% in the previous quarter, led by rampup of recently-won deals, brokerage Motilal Oswal said in a report. In Q3 of the last fiscal, the firm reported 1% percent rise in revenue to Rs 478.7 crore on QoQ basis. The revenue rose  9.1% from the year ago period.

The Bengaluru-based firm reported a 3.3 percent rise in its Q2 net profit from Rs 3,606 crore an year ago. On a sequential basis , net profit rose 6.9 percent compared with Rs 3,483 crore in the last quarter. The board declared an interim dividend of Rs 13 per share.

Earlier, Infosys had given October 13, 2017 as the tentative date for announcing the financial results for the September quarter in its earnings release for the first quarter.

Annual wage hike and visa costs, besides a 3.9 per cent appreciation in the rupee are seen hurting revenues.

Last month, Infosys said it will hire about 10,000 locals in the US over the next two years and set up four technology and innovation hubs there.

Incidentally, this is also lower than what Sikka drew in the previous financial year when he took home Rs 48.73 crore. According to Infosys' financial statements, Sikka received only $3.68 million of the $8 million variable component that he was promised.

The S&P BSE Sensex ended the day at 29,927.34, down 46.90 points (0.16%) while the Nifty50 ended the day at 9,261.95, down 3.20 points (0.03%).

Automation and the new US administration were the big unknowns at the Indian tech sector's annual shindig this week, with machines threatening to take away thousands of jobs and concerns over possible visa rule changes in the key American market.

The IT industry lobby Nasscom today said the sector will grow at the lower end of its revised target in fiscal 2017, but deferred guidance for the next financial year by a quarter, as the headwinds rise.

But beyond the quarterly gyrations, it is clear that the days of go-go growth are over. If Infosys is to realize its stated goal of $20 billion in revenues by 2020 (being stated as 'stretch goal') the current anaemic 8-9 per cent annual growth is unlikely to get the company there.

Global uncertainties like Brexit, post US election dynamics, currency volatility and slowdown in BFSI discretionary spend are all impacting growth, Nasscom President R Chandrashekhar said, adding that the short-term political and economic uncertainties could last over the next two quarters.

The US-based firm, which posted 8.4 per cent jump in revenues to USD 3.45 billion in the September quarter, met its guidance of USD 3.43-3.47 billion topline for the third quarter.

Infosys makes a comeback to the Top 5 of the BT500 listing, after a five-year hiatus.