Commenting on Infosys quarterly numbers, Amar Ambani, Head of Research, IIFL, said, “Infosys delivered a strong operational performance in Q2 FY16 with constant currency revenue growth exceeding expectation and margin improvement in-line. However, a cautious growth outlook for H2 FY16 impacted stock sentiment as it endangers incremental growth recovery in FY17. Heading into a transient challenging period, the stock may not offer further material upside after a significant outperformance in the past few months.”
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