Margins, volumes surprise; attrition at all-time high. India’s second largest information technology (IT) services company Infosys today cheered investors by throwing up a positive surprise on the margins and volumes growth front and posting earnings for April-June 2014 (Q1FY2015) on expected lines.
Sanchit Vir Gogia, Chief of Greyhound Research said that nearly flat growth from the previous quarter was expected. “The last quarter has been luke warm for most players in the industry but this is set to change in the coming quarters.” Gogia also said that it’s important to remember there’s no magic wand to solve such issues and it can take 2-3 quarters before this can be normalised even after Sikka takes over. “We can expect Infosys to continue focus on emerging technologies and growth markets – with Vishal at the helm…”
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