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.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
