Infosys Ltd.

Infosys, India’s second-largest information technology (IT) services company is expecting sluggish growth in January-March quarter mainly due to muted spending by clients, especially in the retail sector. The company cautioned that sales growth would be at the lower end of its 9-10 percent guidance as concerns linger over some of its clients’ spending on technology.

In the second quarter results, the company had revised this guidance upwards from 6-10 percent at the beginning of this fiscal, which had cheered the markets. Infosys’ clients in the retail and manufacturing sectors are facing spending pressure.

Meanwhile, Mauritius Post and Cooperative Bank (MPCB) has upgraded its core banking solution to Infosys’ Finacle 10. The new version of Finacle allows the bank to offer a wide array of lending products and other banking services to meet the diverse needs of its retail and corporate customers.

Infosys is a global leader in consulting, technology and outsourcing solutions. The company enables clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition.