Infosys ADRs tumble 6% as growth guidance cut to 1-2%

Infosys CEO Salil Parekh said the weakness was driven by specific client situations rather than a broad-based slowdown across industries.

“We have seen different client-specific situations in both retail and high-tech.

This is not happening across all industries.

We continue to see strong growth and discretionary spending in financial services, energy and utilities, and manufacturing,” he said.

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Key focus areas include regulatory direction, banking operations, credit conditions, customer service, compliance readiness, and market developments connected with "Infosys ADRs tumble 6% as growth guidance cut to 1-2%".

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Source attribution: Times of India – Business.

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