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
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!