A guide to uncertainty

The software sector was not hoping to wake up on Friday and hear that Infosys has missed the lower end of the quarterly revenue guidance. The industry would have been equally unprepared to find out that India’s second largest IT player provided a shocking 8-10% dollar revenue guidance for FY13. To make matters worse, for the first time, it missed its EPS growth target for the quarter. It was certainly not the start the sector was looking for.

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