Last time Infy reported a double-digit revenue growth was in dollar terms in FY14 when revenue grew 11.5%.
In addition, the bank’s management hinted that the slowdown may continue for a few quarters.
Keeping currency rates constant, it grew by 1.6 per cent, the lowest in two years.
Annualised tax outgo likely to decline to Rs 1.8 lakh crore post rate cut.
While the Sept quarter may show weakness, analysts are hopeful of a recovery in the second half of the fiscal.
The promoters will also sell a portion of existing shares worth up to Rs 801 crore.
The company’s operations are growing fast and profitable with strong return ratios and no long-term debt.
Higher growth has come with greater attrition amid pressure on profitability.
Growth in the dollar-denominated revenue was below expectations.
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