Infosys Lowers Revenue Guidance; Operational Initiatives Alleviate Headwinds, Shares Undervalued
Infosys reported solid second-quarter results, but for the second time in as many quarters, the company lowered its full-year revenue guidance. In a similar vein to TCS’ recent results, Infosys is seeing cautious discretionary spending from clients. As a result, Infosys lowered its full-year revenue growth forecast to 8.0%-9.0% in constant currency from 10.5%-12.0%. Management commentary around pricing pressure in traditional services such as business process outsourcing (BPO) also served as a l...
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