XSW - Infosys: Holding Steady Amid Client Spending Softness

2024-06-18 12:04:52 ET

Summary

• Infosys Limited provides consulting services globally, but is facing delays in client discretionary projects post-pandemic.
• The market for digital transformation consulting is growing, but Infosys Limited's revenue growth remains slow.
• Despite a strong balance sheet, my outlook on Infosys Limited stock is on Hold due to ongoing client spending challenges.

Investment Outlook

Infosys Limited ( INFY ) provides various consulting services to companies around the world, and its stock has shown some resilience after the pandemic.

I previously wrote about INFY in June with a Hold outlook due to moderate growth in client delays....

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