Both Tata Consultancy Services and Infosys (NYSE: INFY) reported revenue rose year over year in US dollars in their fiscal first quarters ended June 30.

Tata Consultancy Services' revenue rose 8.1% year over year to $4.36 billion in its fiscal first quarter, the IT services company reported in US dollars. Net income also rose, up 4.7% to $940 million.

Tata added 17,792 employees in the quarter for a total of 362,079. The company reported it added six clients worth more than $20 million each and four worth more than $50 million.

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“Strong execution and accelerating customer adoption of cloud, big data and analytics has driven broad-based growth across key markets and industries,” said CEO Natarajan Chandrasekaran. “Our investments in platforms are gaining significant traction as customers look to boost business agility and enhance their time-to-market advantage to gain a competitive edge.”

Infosys

Infosys’ revenue rose 10.9% year over year to $2.50 billion in US dollars in its fiscal first quarter. The increase was 12.1% in constant currency. Net profit also rose at the global IT services and outsourcing provider.

However, Bloomberg News reported the company cut its annual sales forecast, sending its stock down.

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“We had unanticipated headwinds in discretionary spending in consulting services and package implementations as well as slower project ramp-ups in large deals that we had won in earlier quarters, resulting in a lower than expected growth in Q1,” CEO Vishal Sikka said. “Despite this, I am very encouraged by our progress in the execution of our strategy. We launched Infosys Mana, our AI based approach to helping clients continuously renovate their business processes and have already delivered on first client successes.”