It’s a mixed bag from Infosys this time: Aniruddha Mehta, IIFL

In a chat with ET Now, Aniruddha Mehta, Research Analyst (India Private Clients), IIFL, shares his views on Infosys numbers. Excerpts:

ET Now: Your first take on Infosys numbers - disappointed or it is a status quo really?
Aniruddha Mehta: The numbers are a mixed bag. The revenue numbers are pretty good. They are robust at 3.7% QoQ growth. We were expecting around 2.6% growth quarter on quarter basis. So in that sense the revenue numbers have really surprised on an upside. The margins, however, seem to have come below our expectations, may be because of the settlement charges and the guidance. Even after a strong quarter if the management is not upping it substantially, it indicates they are still cautious on the numbers for H2 FY14. So overall it is a mixed bag from Infosys this time.