“Infosys reported a disappointing set of numbers with a 0.4% de-growth in revenues on a CC basis. The negative surprise came from a 1.7% decline in realisations on CC basis. On important parameters, the annualized attrition rate has eased to 18.9% in 3Q v/s 20.4% in 3Q. Client penetration has also improved QoQ and 5 large deals have been signed.
The long-term strategic plan reflects Infosys’ focus on next-generation services and delivery models. Infosys is working on multiple projects in areas like Open Source technology, Design Thinking and platforms. We believe that, these initiatives will shore up the growth rates of Infosys and sustain margins over the longer term.”
Dipen Shah, Head of Private Client Group Research, Kotak Securities
The long-term strategic plan reflects Infosys’ focus on next-generation services and delivery models. Infosys is working on multiple projects in areas like Open Source technology, Design Thinking and platforms. We believe that, these initiatives will shore up the growth rates of Infosys and sustain margins over the longer term.”
Dipen Shah, Head of Private Client Group Research, Kotak Securities
