Industry heavyweight, Infosys, released its financials for the first quarter yesterday. It came in line with their guidance, but lesser than industry expectations. Kawaljeet Saluja, associate director and head of research, Kotak Institutional Equities joins CNBC-TV18 to discuss the way forward for Infosys and the IT sector on the whole.
Kotak has fine-tuned FY12 and FY13 earnings per share for Infosys to Rs 140 and Rs 169, respectively. Execution issues for the company should be sorted out from Q2 and the company should report material improvement in earnings in the next quarter, Saluja says.
He is, however, cautious on HCL Tech.
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