Weak demand to offset rupee decline gains for IT cos in Q3
Tech bellwether Infosys will kickstart earnings of software services providers next week and its going to be a tight rope walk between a depreciating rupee and tough business environment in US and Europe.
January 11, 2012 / 08:35 IST
Moneycontrol Bureau
Tech bellwether Infosys will kickstart earnings of software services providers next week and its going to be a tight rope walk between a depreciating rupee and tough business environment in US and Europe.Rupee depreciation should ideally spell good news for IT companies. However, the cheers will be short-lived this time around, and the uncertainties in the macro environment led by the Eurozone debt crisis will weigh high on the third quarter earnings and future guidance. "The business outlook has deteriorated over the past few months. Our interactions with most companies suggest moderation in commentary
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