Infosys forecasts stable demand for outsourcing
Global IT software exporter and outsourcing firm Infosys sees a stable-to-good demand environment for outsourcing across services and sectors, prompting the company to keep its revenue growth forecast for this year. After weaker than expected 3.7% growth in its April-June profit, the company has maintained its revenue growth forecast of 6% to 8% for the year. Last year, Infosys reported a 5.8% rise in revenue to US$10.9 billion. The company said recovery in demand from financial services clients remains elusive. Chief Executive Salil Parekh said the company will reassess the outlook based on how the outsourcing demand converts into deals in the next few quarters. Parekh, who was appointed CEO in December, said he expects a pick-up in demand for financial services solutions in the current quarter. He had earlier this year spelt out a new strategy for the company that envisages doubling down on the digital business and re-skilling employees.
Related news
- Philippines IT-BPM sector targets 14% global market share by 2022 · 13 Jul
- Accenture positioned as leader in BPO life sciences R&D – IDC · 13 Jul
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
