Murthy Mantra Working For Infy, But Should You Go Gung-ho?
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But did the iconic business leader manage to right the floundering firm? Let’s have a quick look at the numbers for the 2nd quarter and find out.
Its
The Bangalore-headquartered IT giant has raised its
“During the quarter we witnessed broad-based volume growth, robust client additions, five large deal wins and increased sales momentum of our Big Data and Cloud offerings. This growth is a result of our focus on execution, which helps our clients achieve their objectives,” said
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Incidentally, Infosys has added five US Fortune 500 companies to its client list and globally won five large contracts in Q2 ($50 million-plus multi-year deals).
That’s all very well, but is the market feeling equally upbeat? The stock jumped as much as 7.5%, but later lost the momentum and closed just 4.79% higher at Rs 3,273.90. Does that mean the numbers are still not looking attractive, at least not in the short term? The cut-throat competition in the technology sector (from the likes of
So are we back to the basics? Murthy’s presence and sound strategies (going after big-ticket but plain vanilla outsourcing contracts is one among those) are undoubtedly pushing the firm. But is he ready with a long-term vision? It is nice to know that employee efficiency is picking up and profits are rolled back to boost sales and productivity. Some analysts also feel that the worst is over for Infy. But we need to wait and watch before going gung-ho.
With additional input from agencies
Image courtesy: Indiatimes
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