NEW DELHI: InfosysBSE 1.03 % may cut its annual sales forecast as
concern that proposed US immigration legislation could impose visa
restrictions prompts clients to delay outsourcing contracts.
Infosys is expected to forecast sales in dollar terms will increase as
much as 7.5% in the 12 months ending March 31, from its earlier
projection for as much as 10% growth, according to the median of 10
analysts in a Bloomberg News survey.
The Bangalore-based company will report first-quarter earnings on
Friday. Co-founder NR Narayana Murthy, who returned as executive
chairman last month to help revive growth, said June 15 that sales
recovery may be painful and take at least 36 months.
Thursday, July 11, 2013
Infosys likely to cut forecasts on US visa woes
Posted on 6:37 PM by Unknown
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