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Allegations to remain pain point for Infosys stock in near term: Brokerages

Further, revenue and cost recognition have not adhered to accounting norms and have been done to improve short-term profitability

Ram Prasad Sahu  |  Mumbai 

Brokerages are not reading too much into whistle-blower allegations of Infosys’ lower margins on large deals and higher unbilled revenue. Whistle-blowers have alleged the CEO and CFO indulged in unethical practices on recent deal wins with negligible margins.

Further, revenue and cost recognition have not adhered to accounting norms and have been done to improve short-term profitability. Girish Pai and Seema Nayak at Nirmal Bang believe low profitability in large deals in the initial phase is a standard. “Industry, because of its hyper competitive nature, has been ...

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First Published: Tue, October 22 2019. 22:04 IST
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