1. India’s Infosys seeing client-specific softness after Brexit

India’s Infosys seeing client-specific softness after Brexit

Indian IT services provider Infosys Ltd is seeing some 'softness' in clients after Britain voted in June to leave the European Union, a top company executive said during an analyst meet on Friday.

By: | New Delhi | Published: August 26, 2016 1:08 PM
Infosys will be in a better position by October to evaluate the impact of this on its earnings outlook for the current fiscal year ending March 31, 2017, Chief Financial Officer Ranganath D Mavinakere said. (Reuters) Infosys will be in a better position by October to evaluate the impact of this on its earnings outlook for the current fiscal year ending March 31, 2017, Chief Financial Officer Ranganath D Mavinakere said. (Reuters)

Indian IT services provider Infosys Ltd is seeing some ‘softness’ in clients after Britain voted in June to leave the European Union, a top company executive said during an analyst meet on Friday.

Infosys will be in a better position by October to evaluate the impact of this on its earnings outlook for the current fiscal year ending March 31, 2017, Chief Financial Officer Ranganath D Mavinakere said.

“We want to give a more accurate picture on guidance after we execute Q2,” he said, adding that he was confident growth in the second quarter would be better than the previous three months.

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