Analysts: Infosys needs more clients, not more of the same

Infosys has reduced its revenue forecast for the current fiscal year, saying customers in Europe and North America are spending less on outsourcing services. This runs counter to what other IT services companies in India are saying about the market, according to analysts. "I think this is a company-specific problem and not a quarter-specific problem," said Sandeep Muthangi of IIFL Capital, who has lowered his estimate of Infosys profits for the next two fiscal years.

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