INFY specializes in Systems and Application support for which Revenue is near flat in a global slow down. The only market still expanding is the Infrastructure support, the mundane day to day run of the mill operations that small buisness must have and keep upto date wrt Tax laws and Govt regs etc. Unfortunately this segment has smaller margins but compensate by lower salaries.
Unfortunately, INFY is at high end and it has now run into a Wall. I dont believe the earnings growth will rebound any time soon.
You are correct and under estimating just how bad it is, I had a guy complain today how his shop has 3
different coliar sourcers at his shop and it's impossible to get any major upgrades done.
The industry is moving to the cloud, appliances and one throat to choke and the #$%$ I got really cheap filthy smelly hindish speaking tech retarding backward idol worshiping obl loving west hating coliars. Special low price and how much of a bribe for you too?" just doesn't cut it any more and less and less going forward.
I think you're wrong about their growth prospects. I'm not alone, as both the BofA/Merrill Lynch and the UBS analysts see upside from here with their adjusted price targets of $52 and $54 respectively. It's tough trying to time the market, but if you are long INFY the turn northward is coming soon.