Infosys results: Sikka struggles with Q4 execution in a bad IT market

Unanticipated execution challenges, distractions in a seasonally soft quarter affected performance

Infosys reported a 2.8 per cent decline in net profits to Rs 3603 crore for the quarter ended on March 31, 2017. The company’s revenues dipped by 0.9 per cent to Rs 17120 crore during this period.      

India’s second largest software exporter said the company reported a poor performance in Q4 due to execution challenges and seasonal headwinds.  

Infosys reported an operating margin of 24.6 per cent during the fourth quarter.

For the whole year FY17, Infosys net profits grew 6.4 per cent to Rs 14353 crore on revenues of Rs 68484 crore.

Infosys chief executive Vishal Sikka admitted that