Geometric cuts Q2 forecasts

 According to a release issued by the company to the BSE today, the company had planned for double digit increase in revenue, and the company had added manpower and facilities on that basis. "Consequently, utilisation levels are affected, which, in turn, has adversely impacted the bottom line," the release added.

 The company, however, has re-iterated its strategy as being sound and appropriate. "The company is on the right track, and the growing pipeline and accelerated demand for services spread over next quarters support this belief," the release added.