Infosys on Sunday, July 24, said that the prospect of demand was good, amid the uncertainty of macroeconomic.

While there is concern about the impact on IT and curve expenditure in demand due to an increase in interest rates and concerns that towering the recession, the Head of Finance Salil Parekh said after the company announced the results for Q1FY23.

Parekh added that large offers – more than $ 50 mn – usually volatile, and overall pipes for large offers are greater than in the last three and six months. He added that in their pipes, they had a good view of large offers in the US and European markets.

“There is a talk about recession, there is an increase in interest rates. There are several pockets where we see this. For example, in the mortgage business in our financial services area. But, the view for us today considering what we see in our pipes is that the whole pipe is strong at this stage. We are watching what can happen when the environment develops and changes, “he said.

Parekh said the demand and strength in terms of overall volume growth and growth is what gives a trust company to increase its income guidelines. Infosys increased its income growth guide to 14-16 percent from 13-15 percent for FY23.

He added that the company saw two types of demand – digital transformation and those who focused on costs and efficiency.

We have both in our mixture and as we saw, even in the previous month, we have confirmed that our focus remains on both types of programs. We feel that in terms of automation, we have extraordinary abilities that we think will be very beneficial for clients in any environment because they see making efficiency in the technology landscape, “said Parekh.

However, Infosys maintains its margin guide for 21-23 percent, and hopes to remain at the bottom end of the range.

During the Company’s Annual General Meeting (GMS) last month, Salil Parekh CEO eliminated the concern of shareholders’ regarding the impact of the recession. Parekh said that the company’s pipeline was strong and that they “thought well” to work with clients.

Most of Infosys’s colleagues tell the hearts, but Wipro rival Infosys is cheerful and said there was no slowdown in expenditure, strong bookings and strong agreement pipes.

Apart from the uncertainty of the macroeconomic environment, if I see our pipeline, ordering our order, and the discussion that we do with our customers, there has been no slowing or withdrawing shopping for us. Request for IT services is strong, “said CEO Thierry Delaporte.

TCS CEO Rajesh Gopinathan said that the company was vigilant because of macro level uncertainty despite the speed of the pipe and the closure of the agreement remained strong.

CEO of Mindtree Debashis Chatterjee said there were several examples of several clients affected by their exposure to Ukraine and Russia who delayed opportunities.