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Girish Pai, Head of Research at Nirmal Bang Institutional Equities, said that the guidance revision is a definite positive in the short-term. However, he is more worried for medium and long-term growth on both structural and cyclical parameters. Margins, too, will be a big worry, he said, adding that changes in the H1B visa hike could lead to 100-350 basis points margin cut for the IT companies.
Moshe Katri, MD of Wedbush Securities said that margins and performance in the financial services are the big positives from Infosys. Infosys tightening its guidance for the ongoing fiscal was on expected lines. Moshe is neutral on the company.
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