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Infosys guides 0-2% revenue growth for FY21 on healthy deal pipeline
Infosys Ltd, India’s second largest software exporter by revenue, on Wednesday surprised the market by providing revenue growth guidance of 0-2% for 2020-21, in constant currency, given that analysts had predicted that IT companies will refrain from an annual guidance until at least the next two quarters.“Our confidence and visibility for the rest of the year is improving driven by our Q1 performance and large deal wins," said Salil Parekh, chief executive officer and managing director, Infosys.Parekh said the guidance is based on an uptick in demand and strong deal pipeline especially in the financial services, healthcare, and life sciences sector.