Infosys has a lot of work to do from growth perspective: Bhavin Shah, Equirus Securities

In an interview with ET Now, Bhavin Shah, CEO, Equirus Securities, shares his views on the Infosys earnings. Excerpts:

ET Now: I think there is more good news than bad news from Infosys?

Bhavin Shah: Well, I would partially agree with that. I certainly welcome the significant increase in dividend payout and the management should be congratulated for doing that. There is small drop in attrition too.

For the year as a whole, they have delivered 5.6% dollar growth and about 8% in constant currency terms. Now that is a pretty slow growth for a company and when you look at the guidance, it is a constant currency guidance of 10 to 12%. They have also mentioned in INR terms that they grow at 8.5% to 10% and Infosys in this particular year did not beat or commit the higher end of its guidance either.

So, in all honesty, they still have a lot of work to do from a growth standpoint and with the weak Q4, you have a lower base to start off with. So they will have to really print some very strong quarters early on in FY16 to get that guidance number.