MYSORE, INDIA: Infosys, India's No. 2 software services exporter, is cautious on global economic environment, chief financial officer V. Balakrishnan told a TV channel, after the company narrowly missed expectations in its first quarter profit.
The company is seeing many deals in the pipeline but discretionary spending by its clients were "kind of flat", Chief Operating Officer S.D. Shibulal told CNBC TV18 on Tuesday.
Earlier, Infosys reported a 15.4 per cent rise in fiscal first-quarter profit, narrowly missing expectations as a surge in wages offset strong demand from western clients.