IT spends in good shape; see continued strength in US, European markets: Infosys CEO Salil Parekh

India’s second-largest IT services company Infosys is “comfortable” with the higher revenue growth guidance of 14-16 per cent it gave for the full fiscal, as global IT spends are in “good shape” and digital focus of clients is “quite strong”, CEO Salil Parekh said on Tuesday.

Infosys’ top boss told PTI in an interview that the company sees continued strength in both US and European markets, although it is keeping a close watch on the macroeconomic environment as “these are things one has to monitor on a constant basis”.

The optimistic commentary from the Infosys management comes even amid talks that the global economy may be facing an increased risk of recession.