Virtusa, cofounded by Sri Lankan entrepreneurs Kris and Tushara Canekeratne, is believed to have valued Polaris at close to $350 million.
TCS said the number of clients who contribute more than $100 million in revenue rose by three and the umber of clients who contribute more than $10 million in revenue rose by six.
The IT services major reported revenue of Rs 27,165 crore, up 14.1% Y-o-Y and 5.8% Q-o-Q. The revenue was in-line with estimates.
Sikka said the firm had improved its win rate on large deals, which would help it meet its target of posting industry-leading growth by FY17.
Infosys named company veteran and strategic ops head Ranganath D Mavinakere as Bansal's replacement, who will stay till the end of year.
Krish Shankar's appointment comes at a time when CEO Vishal Sikka is looking to change how Infosys handles its employees.
The Rest of the World grew 0.8% sequentially in reported currency, However, if currency related volatility was smoothed out, those regions grew at 7.1%.
Apax Partners has bought out Electra Partner's 23.23% stake in Zensar Technologies for Rs 859 cr . Zensar, is majority owned by Harsh Goenka's RPG Group.
At that pace, Accenture will remain the second-biggest employer in the IT industry. TCS had overtaken the company in headcount in 2013.
Earlier this week, Tech Mahindra said digital was about 13 per cent of its business and could grow to 40 per cent in the next two years.
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