Infosys Vs TCS: Deciphering FY27 growth guidance, dividend yields, and AI-led pricing risks

The Tata Consultancy Services and Infosys walked into FY27 with solid deal wins and stable margins, but the numbers and commentary from their April conference calls pointed to a tougher operating reality. TCS delivered steady sequential growth and maintained its industry-leading margins, while Infosys reported a sequential decline in revenue and issued a cautious FY27 growth guidance of 1.5%-3.5% in constant currency.