Viju George, executive director, JPMorgan views on Infosys

Viju George, executive director, JPMorgan Market Views

Viju George, executive director, JPMorgan has expressed his views on Infosys candidly and same are as appended below:

I would say that what Infosys is saying is that don’t look at the top end of the guidance which is 5.4% that might not be met. I don’t see that as too much of a concern because as we have said before expecting 5.4% in a seasonally weaker December quarter was always going to be a stretch. We were pegging it at closer to 4.5% and sections of the Street also had taken a more realistic appraisal of Infosys guidance. There were just two aspects to the guidance that we thought were unrealistic — the high end at 5.4% and the wide band associated with the guidance that you don’t normally see in a quarter, no matter how big the volatility. However, I don’t think it’s too much of a concern because Infosys is telling that ‘don’t count on us to do 5.4%, however, we still remain within the band’. A section of the market has already substantially priced this.

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