The revenue guidance for fiscal year 2014 was below that of the industry guidance given by NASSCOM, because it would be an achievable target, SD Shibulal, MD & CEO, Infosys told analysts soon after the company announced its fourth quarter results. The company had missed FY13 guidance by a wide margin.
The company management said the fourth quarter turned out to be a softer quarter than anticipated and the pressure on pricing and margin is likely to continue in the short-term. Quarter-on Quarter, the company saw 0.7% fall in pricing.
Meanwhile, US and European markets continue the remain soft and deal ramp-ups have been slower than anticipated in Q4, the management said.