Infy likely to reclaim No. 2 spot from Cognizant soon

Infosys is rapidly closing in on Cognizant, and next year could be the tipping point when the Indian IT services pecking order would see a shake-up with Infosys reclaiming its No. 2 spot. Cognizant's revenue had raced past Infosys's 10 years ago.

- Shilpa.Phadnis timesgroup.com

Bengaluru: 

Infosys in the September quarter had revenue of $4.6 billion, just $300 million lower than Cognizant's $4.9 billion. And there's a huge gulf between the two companies' growth rates. While Infosys grew at 18.8% year-on-year in constant currency in the quarter,

Cognizant's growth was a mere 5.6%. And while Infosys is guiding for a revenue growth of 15-16% in constant currency for financial year 2022-23, Cognizant is guiding for a 7% growth in constant currency for the calendar year 2022 (which is also the company's financial year).