Friday, July 12, 2013

Views on Infosys results: Dipen Shah, Head of PCG Research, Kotak Securities

“The 4.1% volume growth and 3.4% constant currency growth were the highlights of the quarter. The better-than-expected revenue growth resulted in margins also coming in slightly ahead of expectations. The company has also increased the guidance on a constant currency basis, which is a positive.

We expect the company, under the leadership of Mr. Murthy, to take steps to further improve employee engagement. We also expect the company to implement stricter performance measurement methods, which may lead to an improvement in the productivity levels of the company, going ahead. These measures should yield higher revenue and profit growth over the next few quarters.”