Challenging times: Firms like Infosys and industry leader Tata Consultancy Services Ltd (TCS) depend on North America and Europe for the majority of their revenue.
MUMBAI/BENGALURU: Infosys Ltd cut its annual revenue growth target for the second time in three months as India's software service exporters feel the pinch of major Western clients holding back on spending as they wait to see how November's US presidential election and Europe's Brexit drama play out.
While it reported second-quarter net profit grew 6.1%, the second-largest player in India's US$150bil (RM633.1bil)-plus software services outsourcing industry said on Friday it now expects revenue to grow between 8% and 9% in constant currency terms in the fiscal year through March 2017.
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