Infosys may trim forecast again as U.S. clients cut back
Infosys, India's No. 2 software services provider, may cut its revenue forecast next month as U.S. business clients defer spending and balk at signing big deals.
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#1 Jan 9, 2013
India is a big country with domestic needs. Why doen't Infosys, Wipro, Tata Consultancy and Satyam close more business in India and South Asia?
Why doen't Infosys merge with either Wipro or Tata Consultancy to better compete with IBM?
I think the days of Infosys being a darling of the stock market are over. They have a lot of competetion from the likes of Wipro, Tata Consultancy, Satyam, Cognizant, Sony, Panasonic, Hewlette Pacakard, Dell, Xerox, IBM, SAIC, CSC, Unisys and many companies with IT workers.
I see the pofit margins of Infosys eroding as they will have to cut their prices to compete with the international IT companies. In any event, a crash in the Indian IT market will be good for 97% of Indians that do not have stock market accounts. Infosys and the like are not doing anything good for 97% of the Indian people. Their failure will be seen as good thing by most Indian people. How many Indian people can enter the Infosys campus? There are a lot of guards keeping the masses from looking inside the buildings and people. If Infosys can't handle it, then they call the police department which rushes there to help the Infosys people. If you ask me, Infosys is only helping about 10,000 people that are shareholders in the company.
The masses of India will benefit from the demise of Infosys and the like. It is how life is.
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