The disappointing results Infosys has posted raise concerns in the near term, but industry watchers are bullish about the path laid out by Chief Executive Vishal Sikka. During the results, Infosys announced two developments — an acquisition and an investment in a start-up — that have got thumbs up from analysts.
Before Sikka took over, the company had acquired Lodestone, a European tech company, which was the second in the company’s three-decade history. “The acquisition in m-commerce, among other emerging tech areas, is a direction that the company is hoping to differentiate its wares,” said Sanchit Vir Gogia, an analyst at Greyhound Research.
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