Infosys board member V Balakrishnan has sold 1 lakh company shares held by his two daughters on November 6 and 7 through open market transactions (November 7) for Rs 33.05 crore, , according to a regulatory filing on the Bombay Stock Exchange.
Key points to look for is the management's comments on calendar 2013 IT budgets; any pickup in deals and decision-making by clients across verticals; outlook on pricing and operating margins and employee hiring targets for FY2014. #Infosys#EarningsPreview#Lodestone
While one acquisition alone cannot make the difference, analysts are upbeat that the Swiss buy is a strategic move in enhancing the company's consulting business and a step in the right direction as it would yield benefits over a two-five year horizon. #Infosys#Shibhulal#Lodestone
While the deal is in the right direction, it remains to be seen if Infosys will deploy its free cash for more overseas acquisitions in a downturn market to move up the value chain and retain its premium position. #Infosys#CorporateStrategy#Zurich#Lodestone