There is a decidedly frigid flavour to IT segment results. While consulting led Infy reported 49 new clients, the ones growing profits 42% year on year and still very much in the also ran category with an improved EBITDA margin of 17%, reported considerable Fortune 500 attrition, and only 2 new $100 mln clients. Finally though for HCL tech it is better that they concentrate on exiting portfolio and try to get to a respectable EBITDA for the company, even at the cost of selling some portfolio business. TCS will report likely 5 or more $500 mln clients and can actually talk of share of outsourcing at the customer. It would be interesting to see if TCS can take on the new no. 2 CTS

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