Calling it a 'strong buy' at the back of Infosys' second quarter results, Sandip Agarwal, IT analyst with Antique Stock Broking says the company has done extremely well for bringing the improvement in the utilization numbers.
Keeping aside the EPS guidance upgrade, which he says will see an upgradation due to the currency factor, Agarwal says the execution side is a big kick. "Overall, the Infosys results are a good set of number on the operating matrix side and the execution side," he says, adding that the stock remains the top pick followed by rival TCS. Further, he says that the minimal cut in the dollar guidance is because the company is being conservative at this point of time, expecting the IT budgets to be freezed in December. "I expect to see Infosys outdoing the conservative dollar guidance," he adds. Below is an edited transcript of Sandip AgarwalDiscover 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!
