Even as peer TCS has gone on record saying it expects IT spends to pick up, Infosys appears to be taking a more cautious tone.In a call with analysts, President at the company, UB Pravin Rao, said he was expecting to witness quarterly volatility in discretionary spends of IT companies. “Clients are only spending on shorter-duration software projects,” he said.
Also read: TCS vs Infosys: How the IT big guns will fareRao was recently appointed as President in an organizational rejig after several top management hands left the company. The company, however, was “not concerned” about the top-level exits, Rao said, adding that the development would not have an impact on Infosys’ performance.Rao also told analysts that he expected challenges in spends from Infosys’ clients in the telecom, pharma and utilities sector while banking and manufacturing should do well.
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