Moshe Katri, MD of Cowen & Co, in an interview with CNBC-TV18's Mitali and Udayan Mukherjee, gave his perspective of Infosys' fourth quarter performance and divulged his expectation from the company going forward.
Below is the verbatim transcript of the interview. Also watch the accompanying video. Q: Infosys has hit the mark on dollar revenue guidance, but on many other parameters, there seems disappointment this morning. What have you made of the Infosys numbers?A: The dollar revenue numbers came in a bit below consensus. We have an earnings quality issue, so we had slightly below consensus revenue numbers and lower margins which were kind of an offset by a higher other income number. This is the reason why the EPS number looked in line
The June quarterly guidance was below consensus. We will have to see the headwinds that are impacting margins in June quarter and fiscal year 2012.
If we slice the actual numbers by region or verticals, the Banking, Financial Services and Insurance (BFSI) was sequentially flat this quarter and down from up 8% a quarter ago.
North America is flat this quarter and even by service lines the numbers don
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!
