Infosys margin expansion unlikely this year, says COO
The IT bellwether Infosys Technologies said it expects the IT budget of its clients to remain unchanged or marginally lower during 2010.
By ET Bureau |
MUMBAI: The IT bellwether Infosys Technologies said it expects the IT budget of its clients to remain unchanged or marginally lower during 2010.
“Past patterns suggest that when budgets are under pressure, clients do all kinds of things to get more with less, like outsourcing and offshoring,” Infosys chief operating officer SD Shibulal told reporters on the sidelines of a conference here.
The country’s second-largest software exporter by revenues will sustain margins in a narrow range, despite the investment it is planning, he said, adding, “we are not looking to expand them (margins) significantly”.
Customers are still cautious because the world has not changed, Mr Shibulal said, adding, so there is some kind of a cautious optimism in customers and that will be reflected in the growth as well.
“Past patterns suggest that when budgets are under pressure, clients do all kinds of things to get more with less, like outsourcing and offshoring,” Infosys chief operating officer SD Shibulal told reporters on the sidelines of a conference here.
The country’s second-largest software exporter by revenues will sustain margins in a narrow range, despite the investment it is planning, he said, adding, “we are not looking to expand them (margins) significantly”.
Customers are still cautious because the world has not changed, Mr Shibulal said, adding, so there is some kind of a cautious optimism in customers and that will be reflected in the growth as well.
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