Moneycontrol Bureau
Infosys CEO and MD Vishal Sikka told analysts Friday that he was confident that attrition rate in his company will decrease going forward. In the concall to discuss the company's third quarter earnings, Sikka said there was already a drop in attrition in absolute terms.
He said there was a drop in the realized revenue per billed employee.
Sikka said leading US banks were cautious on their IT spending for 2015, and discussions with them for orders were getting delayed.
Last month, CNBC-TV18 had reported that three major global investment banks are likely to remove discretionary IT spending allocation in their budget for 2015.
Sikka said overall deal pipeline in the US has reduced and that IT budgets for 2015 are likely to be flat.
He said the company was looking at acquisitions in consulting, and also in digital and new technology areas.
He said forex volatility benefited operating margins by 0.7 percent, and sees operating margins in a band between 24-26 percent for FY15.
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