Infosys echoed a continued slack in discretionary spending by clients. During an analyst conference call, it mentioned that though there are early signs of pick up in the banking, financial services, and insurance (BFSI) vertical, the largest revenue generator for the company, a strong recovery is not yet visible. BFSI contributed around 28% to the company’s revenue in the June quarter.
The more deals Trump gets, the more confidence markets gain
Investor confidence surged after President Trump signed trade deals with Japan and Southeast Asian nations, reducing earlier tariff threats. Global stocks hit records, bond yields