Infosys Share fall upto 20% in last friday and finally close 13% down. Infosys result shown poor export number in fourth quarter . The most depressing was the 2012 year guidance given by company.
This news hit the market and share crash like anything. Now the open question is whether the Infosys guidance giving clarity to over all Indian IT market. Other company also target lower guidance this year.
Overall world market is consolidating after last 2 year marginal growth. World economy has improved but not very satisfactory. Debt issue in developed economy still not solved. Over all market can recover up to some extend but ultimately it have to come down.
IT market also showing some type of consolidation , IT companies can only move further only by selling innovation rather then old business solutions. Future is only for innovation for example cloud computing can bring some more business to IT companies.
Still IT is safe business to invest in compare to infrastructure and metals space.
