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India’s Infosys says reassessing long-term goals due worse marketplace (INFY)

Bengaluru, Jun 24 (Reuters) – Infosys Ltd,
India’s second-biggest program services exporter, is
re-evaluating a long-term targets since worse market
conditions have done them seem “daunting”, a company’s
chairman pronounced on Saturday.

Infosys Chief Executive Officer Vishal Sikka had said
earlier that a IT services association was expected to onslaught to
reach a desirous $20 billion income aim by 2020 due to a
challenging marketplace environment.

“The 2020 goals positively seem daunting in a timeframe
in that these goals have been talked about since of a kind
of headwinds and a change in marketplace that we have seen,”
company authority R. Seshasayee told his final annual meeting
before his designed retirement in May subsequent year.

“But we are re-evaluating a long-term goals,” he added.

India’s IT zone is confronting new hurdles in a biggest
market, a United States, as President Donald Trump and his
administration gaunt towards changing visa manners and hiking
minimum salary tied to those visas that could strike outsourcing
firms.
(Reporting by Arnab Paul and Jessica Kuruthukulangara; Writing
by Malini Menon; Editing by Helen Popper)

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