At first glance, Infosys’s latest quarterly numbers look uninspiring. Many feel that the company’s best days are behind and that it no longer deserves the label of a growth stock. In the post-earnings conference call with analysts and fund managers, the management didn’t sound too bullish. So do not expect a return to the Murthy era of under promise and over deliver. CEO Vishal Sikka said that the company would stay the course on transformation, but requested investors to be patient as radical changes, including those in organizational culture, would take time.
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At first glance, Infosys’s latest quarterly numbers look uninspiring. Many feel that the company’s best days are behind and that it no longer deserves the label of a growth stock. In the post-earnings conference call with analysts and fund managers, the management didn’t sound too bullish. So do not expect a return to the Murthy era of under promise and over deliver. CEO Vishal Sikka said that the company would stay the course on transformation, but requested investors to be patient as radical changes, including those in organizational culture, would take time.
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