A weak growth outlook amid uncertainty over when Infosys expects to appoint a full-time CEO probably suggests that the worst is not over for Infosys and Nandan Nilekani has a challenging task on hand. The Bengaluru-based company now expects revenue to grow at-best 6.5% in constant currency terms in the year to next March. On Tuesday, Infosys forecast actual dollar revenue growth of 6.5-7.5%, down from July’s projection of 7.1-9.1%. A weak growth outlook amid uncertainty over when Infosys expects to appoint a full-time CEO probably suggests that the worst is not over for Infosys and Nilekani has a challenging task on hand. In rupee terms, revenue increased sequentially by 2.9% and 1.5% year-on-year to Rs17,567 crore.

Source: Mint October 24, 2017 10:30 UTC