The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Kumar Rakesh - BNP Paribas, Research Division - Analyst
: My first question was more of a clarification. So can you just confirm the process of deciding the revenue growth guidance? Is it the same, which
was last fiscal year versus this year? Or have you changed some of the assumptions for the processes that you follow?
Question: Kumar Rakesh - BNP Paribas, Research Division - Analyst
: Great. Got it. My second question was on the margin side. So this quarter, we had a slight decline on the margin sequentially. Now wage hike is
yet to be lend out. So how confident are you on holding on to the current margin or the margins which we had last year? And the cost saving
program also you're going to be running? Or there would be more of headwinds than tailwinds on the margin side?
Question: Kumar Rakesh - BNP Paribas, Research Division - Analyst
: My last question was around the volume commentary which you gave. So last quarter in April when we had the discussion. You had talked about
that volume through the quarter, you were seeing signs of improvement. However, in this quarter, you have seen performing much below your
expectation.
So what has -- which are specific pockets you are seeing the weakness specifically? Is it more client specific or the entire industry working a much
shorter weakness?
Question: Vibhor Singhal - Nuvama Wealth Management Limited, Research Division - Analyst
: So Salil, 2 questions from my side. One on the talking on the guidance part again. I mean, for long, I think the guidance that Infosys gives is kind of
seeing a benchmark of the industry and a read across for the entire sector as well. I mean and the share that we had at this time. So just wanted to
understand the putting on hold of discretionary spend and other issues that you mentioned that caused us to lower the guidance, do you see that
as a very imposes specifically? Or do you see it more of an industry across the world that maybe other companies are not seeing it right now, they
might be following suit in the next few quarters. Or is it something in the nature of our portfolio because of which you probably feel that it was
cyclical?
I mean, in the last 3 months or because the other companies that have reported, there might not have been such number difference in the guidances.
Is the kind of $600 million shock that we have seen, we haven't seen that kind of a change in commentary over the past 3 months by any other of
your player out there.
So would like to basically give some color on how readable is this environment that has caused us for this deterioration to the other companies in
the sector of the industry?
Question: Vibhor Singhal - Nuvama Wealth Management Limited, Research Division - Analyst
: Got it. And in terms of conversations with the clients, just a follow-up on that, in terms of the conversations with the clients, I think you mentioned
it before on the call as well.
I mean how -- I mean, what is the overall general conversation like when they put this discretionary part of the lease on hold? I mean, do they want
to do it given the weak macro at this point of time? Is there any rethinking on the part of whether they need this kind of spend at all? Are those
original decisions being questioned itself to begin with. What exactly is the nature of the conversation with the clients, which are putting these
spends on hold?
Question: Vibhor Singhal - Nuvama Wealth Management Limited, Research Division - Analyst
: Got it. Got it. Great. Wish you all the best for the rest of the year.
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
JULY 20, 2023 / 12:30PM, INFY.NS - Q1 2024 Infosys Ltd Earnings Call
|
