Updated Apr 15, 2021 | 11:49 IST
Infosys share price: The sharp increase in attrition is a cause of worry and could be a risk to the top end of margin guidance, Investec analysts said in a note.
Infosys Chief Executive Officer Salil Parekh said in a call with reporters that the company was targeting margins of 22% to 24% for the full year 2021-22.
New Delhi/Bengaluru: Infosys Ltd shares fell as much as 5.5% on Thursday, a day after the Indian software services firm reported quarterly net profit below analysts' estimates and on worries that a spike in voluntary attrition could squeeze margins.
The Bengaluru-headquartered company posted a 17.5% rise in net profit to 50.76 billion rupees ($675.4 million) in the three months to March 31. Analysts had estimated a profit of 51.93 billion rupees, according to Refinitiv data.