A study on A Descriptive Statistics of Financial Performance of IT Companies: “A Comparative Study with respect to HCL & WIPRO”

This paper present the statistical analysis of financial performance of two IT companies named HCL & Wipro on the basis of its annual financial reports for the period 2010-2011 to 2014-15. The whole study based on the objective of to analyze the liquidity position, profitability position, capital structure and working capital position of both the IT companies. In this study the descriptive statistics and T-test is used to do comparative analysis of both the company. The analysis shows that (1) Due to more use of outside debt it has increased the interest burden on Wipro and it leads to unsatisfactory situation. (2) It has also founded that liquidity position is not up to accepted level because of more current liabilities. (3) The capital structure shows that Wipro use more outside debt rather than equity. It is suggested to Wipro to increase internal debt, to increase production levels, to control operation cost and to adopt forward integration strategy to expand the market.