Infosys, the No.2 Indian software services exporter, has seen business sentiment worsen marginally since November as clients have tightened discretionary spending on technology, Chief Executive S. D. Shibulal said.
December quarter operating margins rose to 31% from 28% in the previous quarter, he said, adding that the company would retain its hiring targets for the fiscal year ending March 2012.
Earlier today (January 12, 2012), Infosys cut its full-year revenue outlook because of the debt crisis in Europe, sending its shares down by as much as 7.7% to their lowest in more than a month. However, the company beat market forecasts with a 33% rise in fiscal third-quarter profit, helped by a weak rupee.....more info
December quarter operating margins rose to 31% from 28% in the previous quarter, he said, adding that the company would retain its hiring targets for the fiscal year ending March 2012.
Earlier today (January 12, 2012), Infosys cut its full-year revenue outlook because of the debt crisis in Europe, sending its shares down by as much as 7.7% to their lowest in more than a month. However, the company beat market forecasts with a 33% rise in fiscal third-quarter profit, helped by a weak rupee.....more info