Fly News Breaks for January 10, 2020
Jan 10, 2020 | 15:32 EDT
William Blair analyst Maggie Nolan said Infosys' strong pipeline commentary was offset by the cautious outlooks for its financial services and retail segments, which collectively account for about 47% of revenue. While she is positive on the increased traction in the digital business, last quarter's strong revenue growth, and a more proactive investment strategy, she remains skeptical about the near-term potential for its operating margin to reach the high end of management's 21%-23% of revenue guidance. Nolan keeps a Market Perform rating on Infosys shares.
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