Infosys booked $2.7 billion in large deals in the September quarter, up from last quarter’s $1.7 billion
TCS said that there were no mega deals wins during this quarter, and while they did secure a few deals in the range of $400 million, it was spread out across sectors.
CEO Thierry Delaporte said that despite uncertainties of the macroeconomic environment, there has been no slowdown or pullback of spend.
JP Morgan has raised its target price on Infosys to Rs 3,200 from Rs 3,100, maintaining an "overweight" rating, saying the software services exporter is likely "turning the corner" in an improving demand environment.
Infosys Technologies expects demand environment to be “normal” for the I-T industry in 2011-12 (April-March), although the company’s earnings per share guidance was well below what the analysts were expecting.