Infosys, a bellwether for India’s information technology services industry, is expected to forecast single-digit growth for financial year 2017-18 (FY18), highlighting challenges faced by the export sector in the wake of visa restrictions, and business shifts towards digital and cloud.
The company, which will announce its results on Thursday, is likely to see headwinds due to pricing pressure, delay in revenue contribution from its digital technology initiatives, and additional cost for more local hiring.
Beyond business challenges, the firm is fighting another battle to come out clean from complaints of governance lapse, pertaining to acquisition deals and severance pay