After three disappointing quarters, the tech bellwether has gone all out in its guidance that will cheer markets. Nilesh Shah of Envision Capital says Infosys is all set to shed its image of an underperformer. Now they are in a comfort zone and is set to outperform peers in the next few quarters, he says. According to him, the rupee EPS guidance is significant, which shows a jump of 10% and the dollar revenue guidance is 19% is outstanding by any standards. "The stock appears undervalued at the moment and has a fat chance of outperforming the broader markets."
However, V Balakrishnan, Member of the Board and Chief Financial Officer at Infosys says the global currency market continues to remain highly volatile on the back of weak economic recovery in most of the developed markets. "Our continued focus on adding measurable value to clients, coupled with our flexible financial model will enable us to make the right investments without compromising on high-quality growth."
"The global macroeconomic environment is still uncertain. It is and should be a concern for the IT industry." said SD Shibulal, CEO and Managing Director.
"In this scenario, clients are looking for new opportunities for growth, accelerated innovation and increased returns on investments. Our strategic initiatives and organization structure will enable us to build long term partnerships with our clients and help them drive their business objectives.
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