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Europe’s sovereign debt crisis a big issue: Infosys CFO

Europe’s sovereign debt crisis a big issue: Infosys CFO
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First Published: Wed, Oct 12 2011. 11 06 AM IST

Infosys CFO V. Balakrishnan. (File photo)
Infosys CFO V. Balakrishnan. (File photo)
Updated: Wed, Oct 12 2011. 11 06 AM IST
Bangalore: Infosys Ltd’s chief financial officer said on Wednesday a slowdown in the United States and European economies can affect client spending and the sovereign debt crisis in Europe is a “big issue”.
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Infosys CFO V. Balakrishnan. (File photo)
V. Balakrishnan said clients were not taking long-term decisions, although India’s No. 2 software services exporter said its customers were signing some large deals.
Infosys met forecasts with a 9.7% rise in second-quarter profit as a weak rupee boosted margins, but cut its full-year revenue outlook and warned about global economic uncertainty.
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First Published: Wed, Oct 12 2011. 11 06 AM IST
More Topics: Infosys | EU | Debt crisis | Slowdown | US |