Finacle adds to Infosys' pain

IT firm's performance shows trouble in products segment, a majority of whose share comes from Finacle

The banking, financial services and insurance (BFSI) sector, one of the largest verticals for Infosys Technologies, has been a drag on the company’s fourth quarter results. Also, it seems Finacle, the company’s flagship banking product, is in trouble, too. If the fourth-quarter results of the Bangalore-based company saw a drag, it was due to a dip in the BFSI segment. In fact, it declined 4.6 per cent sequentially. A closer look at the firm’s performance shows that all is not well in the products segment — a majority of whose share comes from Finacle. For the fourth ...