Your Estimates Wrong! ‘Infosys Q2’ Dares Analysts

Infosys Q2 Results have just proved analysts wrong by beating the expectations. On the quarter that ended in September 2016, the company has reported 3,606 crores net profit. This profit beats almost every estimate done by major organizations by at least 100 crores. (Estimates were around 3,500 crores.)

Let us accept the fact; the global conditions are not that favorable for the once-booming IT sector. The conditions have mandated the companies to go for long term structural changes like more focus on areas like improving utilization, automation, and cloud. Moreover, any desirable effect can be achieved only by strong execution and new business deals. Seems, Infosys is on the right track on most of the above-discussed qualities.

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