“Infosys’ results and guidance were largely in line with estimates. The 7-9% growth in FY15 indicates about 2.5% CQGR growth in FY15, which is encouraging. While a few verticals and geographies have seen a decline QoQ, that was in line with earlier management commentary.
We believe that, client – specific and vertical-specific issues may likely impact the near term results. However, we believe that, the initiatives being taken by the management should lead to higher growth and stable margins in 2HFY15 and FY16. To that extent, we maintain our positive view on the stock with a medium-to-long term perspective.”
We believe that, client – specific and vertical-specific issues may likely impact the near term results. However, we believe that, the initiatives being taken by the management should lead to higher growth and stable margins in 2HFY15 and FY16. To that extent, we maintain our positive view on the stock with a medium-to-long term perspective.”
