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Monday, Dec 17
2012, 5:48 PM
Infosys (INFY -0.5%) and Wipro (WIT -0.3%) failed to join today's tech rally following a Reuters...
Infosys (INFY -0.5%) and Wipro (WIT -0.3%) failed to join today's tech rally following a Reuters column speculating Infosys may slash its FY13 revenue guidance next month. The recent downbeat comments of company execs are noted, as is a Dec. 6 UBS note arguing Infosys' guidance is threatened by deal delays, large project cutbacks, and Hurricane Sandy-related shutdowns. The column also notes "industry insiders" claim Infosys is "becoming more flexible on its premium pricing."