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Infosys hints at revenue slowdown
Infosys has raised a warning sign about the deteriorating economic
environment, which has the potential to adversely affect its revenue growth in
the coming months. V Balakrishnan, the CFO of Infosys, said the company will
not miss its revenue growth forecast for 3QFY2012 (3-5% qoq growth) or
FY2012 (17.1-19.1%); but as the company has earned a reputation that it
exceeds its guidance regularly, this time it cannot confirm that sales growth will
be at the upper end of the forecast.
Infosys has been maintaining its cautious commentary on the decision-making
cycles of clients due to high global uncertainty. We have already factored in a
moderate slowdown in revenue growth for IT companies and, thus, currently
keep our estimates unchanged; however, we will closely watch out for signals
about what it portends for the IT industry. We continue to maintain our
cautious stance on the IT sector.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Infosys hints at revenue slowdown
Infosys has raised a warning sign about the deteriorating economic
environment, which has the potential to adversely affect its revenue growth in
the coming months. V Balakrishnan, the CFO of Infosys, said the company will
not miss its revenue growth forecast for 3QFY2012 (3-5% qoq growth) or
FY2012 (17.1-19.1%); but as the company has earned a reputation that it
exceeds its guidance regularly, this time it cannot confirm that sales growth will
be at the upper end of the forecast.
Infosys has been maintaining its cautious commentary on the decision-making
cycles of clients due to high global uncertainty. We have already factored in a
moderate slowdown in revenue growth for IT companies and, thus, currently
keep our estimates unchanged; however, we will closely watch out for signals
about what it portends for the IT industry. We continue to maintain our
cautious stance on the IT sector.
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