Infosys suspends FY21 guidance citing uncertainty; reports Rs 4,335-crore profit in Q4

In line with its peers, Infosys on Monday refrained from giving a guidance on revenues and margins for the new fiscal. It anticipates near-term challenges in its business as a wide set of industries have been disrupted by the coronavirus pandemic.

Infosys CEO Salil Parekh said, “Given the uncertain environment with the global pandemic, we do not feel it will be appropriate to provide an annual guidance at this stage. As a result, we are suspending the practice of giving revenue growth and margin guidance for FY21.”