JPMorgan: Infosys is some time away from anywhere close to getting its mojo back. Infosys continues to struggle in an increasingly polarized environment. We continue to think that these are Infosys-specific issues, and this will likely become clear as others (TCS/HCL Tech/Cognizant) report their results.
CLSA: Investors are losing faith in the company’s ability to execute. Greater clarity is needed on where margins will bottom. Pricing decline at Infosys will likely impact all vendors. Infosys numbers imply downside for all stocks.
UBS: Infosys Q2 numbers are a miss on all counts - margins, volumes, revenue have all been a miss.
Citi: Margins for FY13 may need to be cut.
Barclays: Infosys missed the revenue estimates again. Prefer HCL Tech versus Infosys at current levels.
Kotak: Infosys’ string of disappointing results continues. Overall performance is disappointing.
Equirus Securities: The disappointment is in margins where it hurts the most. Infosys is having to take some pricing cuts to get the revenue growth they want to.
Gartner India: Infosys continues its relatively weak and underperforming trend and year-end outlook, with the view that the market continues to be weak. It will be interesting to see what the other providers’ results are in the coming few days, but it is likely that the trend of performance gaps widening between various Indian service providers will continue this quarter as well and could be a trend for quite a few quarters to come.
Ambit: The numbers are quite disappointing. The company continues to lag its peers. The departure of the CFO will continue to be an overhang on the stock in the near term, although he is not leaving the company. The cut in EPS guidance is especially disappointing.
Angel Broking: Operating margins have declined. Management changes are additional negatives too.
(With inputs from Reuters)
