Notes on Indian equities, sectors and economy

Infy hits a wall

Posted by fairval on April 15, 2009

Infy isnt growing anymore, shows this chart from an Isec report. If u see total active clients, this number peaked 2 quarters ago. Again, global economy is contracting, so this is perhaps a result of this. But interesting to note that potential market for Indian IT isnt the limitless ocean it used to be.

Total clients not growing, and billing rates headed down (since clients are re negotiating).

More reason to be underweight Infy.


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