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Thread: Infosys: 2013 to be a better year for IT sector

  1. #1
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    Information Infosys: 2013 to be a better year for IT sector

    The IT Sector hit a trough in 2012 as things across the global scenario exhibited a slowdown, said Infosys Co-Chairman KrisGopalkrishnan. "It takes time for the slow down to impact IT sector because in some way it is a support sector," he said.

    Gopalakrishnan also feels that 2013 will be a much better year for the IT sector. "If things do not deteriorate further, nothing untoward happens in Europe or the fiscal cliff in US is managed, I believe 2013 could be a better year," he said.

    However, he emphasised that the uncertainty that the sector is facing is still not gone. "We are going to see a period of uncertainty for the next 3 to 5 years," Gopalakrishnan said.



    "From a technology perspective, I am very excited especially in the medium to long term. Information technology can still improve productivity, our quality of life significantly with cloud, mobility, social networking and internet," he added.

    Infosys, India's No. 2 software services provider, may cut its revenue forecast next month as US business clients defer spending and balk at signing big deals.

    The outsourcing icon, which has missed its own revenue guidance in three of the past four quarters, has struggled as its big customers cut costs, and analysts have criticised management for sticking with a rigid pricing policy when competitors have offered more flexible plans.

    With about 60 per cent of its business in the United States, Infosys is particularly vulnerable to swings in US corporate sentiment and has been hit hard by spending deferrals.

    UBS organised an investor meeting on December 6, featuring Infosys Chief Executive Officer SD Shibulal.

    Longer-than-expected client shutdowns due to Hurricane Sandy, especially in the manufacturing sector, were also hurting Infosys, wrote Nagarajan in her report.

    Infosys's guidance of 5 per cent dollar revenue growth for the current fiscal year compares with an estimate of 11 per cent for the sector by the National Association of Software and Services Companies, or Nasscom.


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    Junior FaaDoO Engineer kamaxirav's Avatar
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    Re: Infosys: 2013 to be a better year for IT sector

    Thought future is uncertain but as per current situation we can predict it by viewing the current investments and announces it is sure that 2013 will be the better year for IT because Infosis like many more companies are investing here and it is good thing for the economical and IT growth.

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    Sr. FaaDoO Engineer dimpysingh's Avatar
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    Re: Infosys: 2013 to be a better year for IT sector

    I hope it is a better year...the IT student will be higly priviliged to infosys if they get placed there..

  4. #4

    Re: Infosys: 2013 to be a better year for IT sector

    Everybody is going for IT IT IT...wat will happen to other sectors!?

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    Sr. FaaDoO Engineer dimpysingh's Avatar
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    Re: Infosys: 2013 to be a better year for IT sector

    Quote Originally Posted by cool.taniya View Post
    Everybody is going for IT IT IT...wat will happen to other sectors!?
    God knows whats going to happen people of other branches..I am of electronics and instrument..wonder how many years we have to struggle to get a good reputable job....

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