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A file photo of Infosys headquarters in Bangalore. Photo: Hemant Mishra/Mint
A file photo of Infosys headquarters in Bangalore. Photo: Hemant Mishra/Mint

Infosys says seeing client-specific softness after Brexit

Infosys CFO Ranganath D Mavinakere says the firm will be in a better position by October to evaluate the Brexit impact on its earnings outlook for the current fiscal year ending 31 March 2017

New Delhi: IT services provider Infosys Ltd is seeing some ‘softness’ in clients after Britain voted in June to leave the European Union, a top company executive said during an analyst meet on Friday.

Infosys will be in a better position by October to evaluate the impact of this on its earnings outlook for the current fiscal year ending 31 March 2017, chief financial officer Ranganath D Mavinakere said.

“We want to give a more accurate picture on guidance after we execute Q2," he said, adding that he was confident growth in the second quarter would be better than the previous three months. Reuters

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