IT giant, Infosys reported a 33.3% rise in profit for the December quarter; however it cut its US dollar revenue guidance for the full year. Its fourth quarter forecast was also flattish given the global economic turmoil and debt crisis is the euro zone.
Moshe Katri, managing director, Cowen & Co expects to see budget delays probably by four to six weeks for IT companies. In an interview to CNBC-TV18, Katri said, "I donDiscover 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!
