* Sees FY14 revenue growth above industry benchmark
* Q4 profit rise in line at 22 percent
* Operating margin falls to 26.5 pct from 27.7 pct year-ago
By Aradhana Aravindan
MUMBAI, April 17 (Reuters) - Tata Consultancy Services (TCS)
, India's top software services provider, lifted
quarterly profit by more than a fifth and painted a more bullish
picture for future revenue growth than key rival Infosys
TCS said it expects revenue in the current fiscal year to
increase more than the 12-14 percent sector export growth
forecast by the National Association of Software and Services
Infosys Ltd on Friday missed expectations with a forecast of
6-10 percent growth in dollar revenue, sending its shares
Earlier on Wednesday, fourth-ranked HCL Technologies Ltd
said March quarter profit rose 73 percent, beating
estimates, although its shares ended 1.5 percent lower.
"There is a wedge forming between performers and not so good
performers in the sector. Given the way the U.S. economy is
recovering, this augurs well for the performers like TCS," said
Anshu Kapoor, head of private wealth management at brokerage
Edelweiss in Mumbai.
Infosys, the No.2 player in India's $108 billion IT services
industry, has struggled to implement a strategy of generating a
higher proportion of revenue from its own software platforms. By
contrast, TCS has focused on more traditional outsourcing.
Tata's net profit for the fiscal fourth quarter ended March
31 rose 22 percent to 35.97 billion rupees ($663.35 million)
from 29.46 billion rupees in the year-earlier period, as it won
orders from customers including Nokia and BNP Paribas
That was roughly in line with an average earnings estimate
of 36.2 billion rupees among 20 analysts polled by Thomson
Sector investors have been rattled by Infosys' guidance,
pending U.S. legislation that would make it more expensive to
send workers there on temporary visas, and a
rising rupee fuelled by the global slump in commodities,
which pushes down overseas revenue in local currency terms.
The BSE IT services index fell 1.14 percent on
Wednesday ahead of the TCS results, underperforming the broader
market, which was down 0.07 percent.
TCS grew its business volume by 4.4 percent from the
previous quarter, compared with 1.8 percent growth at Infosys.
The company said it added 52 new clients in the quarter and
that the pipeline of large potential deals has grown.