Infosys also painted a bleak picture of the demand environment.The company had expected demand from banking and financial services clients, which contribute the biggest chunk of its revenues, to begin to grow. We have not seen the demand pickup in financial services. Demand continues to remain moderate,” Rao said.He added that the company doesn’t expect energy companies to show a pickup in spending and that retail, another large client segment, remained volatile. Continued muted demand might require Infosys to rework its full-year guidance. He added that the company’s investments had already been factored into its margin range.

Source: Economic Times September 08, 2017 19:18 UTC