The initial excitement around Infosys’s results on Friday waned subsequently as investors noted that its new deal signings had fallen, and the organic revenue growth slowed compared to the previous quarter.
“The overall IT services space will continue to see gradual deceleration throughout FY20, from tougher compensations (FY19 saw some upcycle) and macro related headwinds,” said Peter Bendor-Samuel, CEO of US-based Everest Group.
