The Major Takeaways From Infy's Q2 Results
Bangalore: Infosys stood above the margin for the second quarter in a row marking an increase of 3.8 percent. The management stated that the company is on its way of attaining stability in growth. The recovery of the Indian Software giant is the result of the revival of U.S. economy. The second quarter of Infosys saw advancement in five points, compiled by The Times Of India.
Growth Back On Track
Infosys was able to make it upto other industrial rivals in terms of growth. The target of 9-10 percent growth in 2013-14 has been achieved by proper guidance in the lower end.
Margins Slip Further
Consecutively for 6 times the company marked a fall in its profit margin. It is just close to the level of Wipro with 21.8 percent
Attrition Worry
Despite the increase in salary, the hike in the number of employees abandoning the Indian IT company has been a point of concern.
Utilization
With about three-fourth of the total labor force engaged in revenue-generating activities, Infosys is set to redefine its marginal lines.
Hiring
With the growth rate falling back on track, Infosys is determined to increase its labor force, which is currently marking 1.6 lakh. The company is set to increase its net hiring.
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