Comparative Financial Analysis:  Tata Consultancy Services Ltd vs. Wipro Ltd.

Author(s)	Dr.Sharanabasappa Linganna
Country	India
Abstract	This study compares the financial performance of Tata Consultancy Services Ltd (TCS) and Wipro Ltd from FY 2019-20 to 2023-24. Analysis reveals TCS consistently outperformed Wipro, demonstrating superior revenue growth, higher profitability margins, and exceptional financial stability with a virtually debt-free status. Wipro, despite periods of growth, showed more volatile revenue, including a decline in FY24, and generally lower margins. Statistical tests confirm TCS's significantly stronger profitability. The report concludes TCS offers a more stable investment, while Wipro presents a higher-risk, potentially higher-reward profile contingent on operational improvements and acquisition integration.
Keywords	Financial Performance, IT Services, Digital Transformation, Comparative Analysis
Published In	Volume 16, Issue 2, April-June 2025
Published On	2025-06-28

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