Are Infosys, TCS pre-earnings disclosure standards fair?5 min read 06 Apr 2014, 10:21 PM IST
The Infosys, TCS examples show that Sebi must incorporate norms for meetings where an informal guidance is provided for a quarter
Infosys Ltd’s chief executive S.D. Shibulal’s comments at an investors’ forum on 12 March were not ordinary by any standard. “Our revenues may be near the lower end of our FY14 guidance," he said, adding that lower-than-expected growth in the fiscal fourth quarter may impact the company’s growth in the next financial year. He attributed this to the slowdown faced by clients in certain industries as well as a mismatch in skills vis-à-vis what clients were looking for.
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