BENGALURU (Reuters) – India’s Infosys suspended its full-year 2021 revenue forecast on Monday, joining its software outsourcing rivals in flagging a hit to its business as the coronavirus pandemic freezes client activity in the United States and Europe.
FILE PHOTO: The Infosys logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren
Infosys, Wipro Ltd, and Tata Consultancy Services Ltd offer a range of software services to some of the biggest companies globally that have lost business and working days due to lockdowns and production cuts.
“There will be some sort of recessionary environment,” Infosys Chief Executive Officer Salil Parekh told reporters in a post-earnings web conference. We’ll be extremely careful with the way we look at costs.”
Infosys’ move to set aside its outlook comes a week after bigger rival Tata Consulting Services said the outbreak had…
Source Reuters Tech News
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