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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)
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