Amit Dalal`s view on IT space

Amit Dalal, Executive Director, Tata Investment Corporation shares his view on IT space.

Dalal told CNBC-TV18, “IT industry is a mature industry, if you go back 10 years, would you say Infosys is going to put in 35,000 people more into employment this year that’s what the number they have targeted and that will give them a 5% dollar revenue growth, its unreal, that kind of an industry growth in terms of employment should generate far higher numbers and that to my mind was a big question mark.”
He further added, “If you had gone back 10 years, 35,000 employees more in Infosys would have been at least a 50% revenue growth for them. So how that is in terms of Infosys vis-à-vis the other people who are- TCS also has announced a large number that they are going to appoint. We will learn from them what they are saying. But I think from what we heard this morning, the reorganisation of the portfolio of businesses, the platform under which Infosys wants to work are very specific to the company in terms of what they believe are their problems and what they believe is the guidance’s they have given.”