Infosys Technologies – End of an Era ?
Engineering Wage Arbitrage / Trading Company – Infosys Technologies was in a Chaos on Friday as two Sr. Members of the board quit with its CEO announcing dismal Q4 performance and a tepid guidance for the next fiscal. Infosys has lagged peers in the recent past – leading to a relative de-rating. 4Q results are weak.
4Q was weak on most counts – volumes declined ~1.4% qoq and the company missed the lower end of revenue guidance in constant currency terms. Management attributed this (more…)
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