“The results of Infosys were a mixed bag. While revenues matched expectations, the margins were better than expectations, largely due to reduced S&M expenses and reduced headcount. The management is positive about the growth going ahead, despite it expecting budgets to remain flat. Attrition has increased to beyond 18% annualized and that remains a concern.
We believe that, the improving demand scenario should bode well for Infosys, which also has several levers to protect and improve margins in FY15. We remain positive on the medium-to-long term prospects of Infosys.”
We believe that, the improving demand scenario should bode well for Infosys, which also has several levers to protect and improve margins in FY15. We remain positive on the medium-to-long term prospects of Infosys.”
