Deal pipeline is decent, there is no cause for panic

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Anand J, Debojyoti Ghosh: Nov 15 2012, 04:08 IST

Tags: BG Srinivas | BFSI | Infosys | IT Services Firm

BG Srinivas, Europe and BFSI head at Infosys, is on a hot seat. BFSI is extremely crucial to its fortunes just like any other IT services firm. Europe, which has been on a downward curve macro-economically, has again come on to the growth track as a revenue source for Infosys geographically. On both these counts, the spotlight is on Srinivas, who is seen as a crucial board member. In an interview with Debojyoti Ghosh and Anand J, Srinivas dwells on the new strategies adopted by his team to tide over the difficulties posed by the slow paced environment. Edited excerpts.

It has been two quarters since you took over the BFSI vertical. How is the segment performing?

The segment continues to see challenges. Banks are challenged for growth and the insurance sector is also muted. Capital markets have also seen a major downturn in their business and trading volumes. If you ask me, frankly, there is no good news as far as growth rate is concerned. On top of it, some banks in Europe and US have been slapped with massive fines and new regulations are impacting them. While I do not want to sound all gloomy because the sector is going through many challenges, the good news as far as we are concerned is that we have seen some improvement in Q2 in terms of revenue growth. We have added 14 new clients in the BFSI sector in the quarter.

How is Infosys positioned as far as contract renewals are

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