"Europe is growing faster than the US. That is something we saw this year and this will only gain momentum. There is a lot of latent demand in the region, which will drive growth for the sector," Nasscom President Som Mittal said.
Murthy himself said it would be hard to 'imagine an Infosys without Bala's commitment and passion‘.
Shibulal said that the next couple of quarters would be about investing in the business to take it to the next orbit of growth. But he also cautioned that the measures being taken by the company would take a while to translate into growth.
Rajiv Bansal, CFO, says growth in Europe remains challenging, but macroeconomic data coming from US is encouraging.
In the first significant reshuffle after recalling founder NR Narayan Murthy, Infosys on Tuesday replaced its subsidiary Lodestone's chairman BG Srinivas with V Balakrishnan, its former chief financial officer.
The strategy that is supposed to cement its future is hurting its performance today.
Infosys, the largest laggard of 2012 will release its Q3 results tomorrow. “I think the street expectation is pretty much what we are expecting which is that the tier 1 pack could report around 2-3 percent of dollar growth, led by modest currency gains and weak volumes said Abhishek Shindadkar of ICICI direct in an interview to CNBC-TV18.
Earnings season is around the corner and markets are expecting the Indian IT sector to turn in a solid second quarter performance. Analysts are betting on the rupee's depreciation over the last three months and the seasonal surge in volumes to offer a strong foundation reports CNBC-TV18's Shreya Roy.
The widely held view is that the deal size is not significant to make a difference to Infosys‘ earnings, as the company grapples with slowing revenue growth caused by a combination of internal and external factors
Infosys, has announced a definitive agreement to acquire Lodestone Holding AG, for an aggregate enterprise value of CHF 330 Million in cash.
Infosys is planning to acquire Zurich-based global management consultancy firm Lodestone Holding AG at 330 m CHF (USD 350 million) in cash. The transaction is likely to close by October-end.