Monday 12 October 2015

Expect Some Headwinds in H2 of FY16: Infosys CEO Vishal Sikka

Expect Some Headwinds in H2 of FY16: Infosys CEO Vishal Sikka

Infosys Ltd, India's second-largest software services exporter by revenue, reported a better-than-expected increase in quarterly net profit, helped by a focus on high-end projects and as clients in the United States spent more. Here are the highlights of management commentary on Q2 results.

Here are the highlights:
  • CEO Vishal Sikka: Sad to see CFO Rajiv Bansal stepping down
  • Vishal Sikka: Will work hard to buck the weak H2 trend for overall IT services trend
  • Outgoing CFO Rajiv Bansal: Sad to leave Infosys
  • Rajiv Bansal: This quarter the growth has been very strong
  • Vishal Sikka: Expect some headwinds in H2 of FY16

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