Infosys not sure of an impressive Q3, hopes to bounce back in Q4

After impressive show in Quarter 1&2, Infosys may face weaker margins in December quarter due to less spending by its top clients.

Infosys, which is India’s second largest software exporter, is not looking at lucrative Q3 but is expecting to get back its pace in the fourth quarter while maintaining its full year constant-currency revenue guidance of 10-12%.

Infosys chief operating officer Pravin Rao and finance chief MD Ranganath said the company still had a long way to go in important sectors including energy and telecom.

“I think we are fairly confident about where we are today - and we had earlier said that we would get back to industry average by next year. We are pretty confident given the momentum we are seeing in the first couple of quarters - the second half will be a little softer than the first half for seasonality and other reasons," Rao had told ET in an interview last week.

Speaking about the vision of the company, Rao said he was confident that Infosys would get back to industry average next year and they are more focussed on their 2020 vision.

Infosys also noted that it was getting returns from the banking sector.

Infosys CEO Vishal Sikka has a long way to go as there are many expectations from him.

Experts point out that Sikka has given a new direction to the company but it is to see whether his vision will pay off or not.