Infosys Recorded High Strength in US and European markets – CEO Salil Parekh Says!!! Infosys, India’s 2nd largest technology company, has been recording significant growth since the last financial year. In particular, Infosys achieved a high revenue growth of 14 to 16 percent in the last financial year. Following this, the company continues to grow in the US and European markets, its top boss Salil Parekh said.
He said the company continues to see strength in the US and European markets. However, as these are things that need to be monitored on a regular basis and the macroeconomic environment is being closely monitored, he said. Also, various tech companies worldwide are reducing their hiring rate due to concerns about the economic slowdown.
But the digital focus of Infosys customers is said to be very strong, with cost efficiency and automation acting as twin engines. There is expected that, Infosys could act with its automation and cost efficiency if the global economy struggles going forward. Meanwhile, Infosys reported a growth of 21 percent in the first quarter of the current fiscal year. The company also said that it is continuously trying to strengthen this growth number.
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