Seeking Alpha

Infosys (INFY -7.6%) isn't just seeing weak demand from Europe and the U.S., but also from...

Infosys (INFY -7.6%) isn't just seeing weak demand from Europe and the U.S., but also from China, says Americas chief Ashok Vemuri, who blames the Middle Kingdom's growth slowdown and leadership transition. IT services peers such as IBM, HPQ, WIT, CTSH, and ACN won't be happy to hear that. Also, during Infosys' FQ2 earnings call, CEO S.D. Shibulal admitted higher contracting costs have affected buying activity. (FQ2 results) (guidance) (HPQ on China)
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs