Bangalore: The second largest IT company in India has a lot to cheer about lately. The company after witnessing six straight quarters of losses has now recorded consecutive gains in the two quarters of this year. Infosys’ consolidated net profit rose by 3.7 percent to Rs 2,374 crore for the April-June quarter against 2,289 crore last year at same time. Its consolidated revenues rose 17.2 percent to Rs 11,267 crore from 9,616 crore last year at same time. While all these figures sing the success tune of Infosys, there are some reasons which hold us back from merriment. Read on to know 7 reasons why it’s not a time yet to celebrate Infosys success as compiled by FirstPost.

#7 Management depicted a grim future as discretionary demand continues to remain weak

Despite the positive results the company has got, the management depicted a grim future as discretionary demand continues to remain weak. Most of its clients around the globe are unwilling to spend their discretionary budgets meanwhile the management takes a lot of time in decision cycle and pipeline. And the large deals which the company bagged apparently are rebids, and carry lower margins of revenue.

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