Infosys says expects pricing, margins to be under pressure

BANGALORE, April 12 Fri Apr 12, 2013 12:35am EDT

BANGALORE, April 12 (Reuters) - Infosys Ltd, India's No. 2 IT services exporter, expects billing rates and margins to be under pressure in the short term, Rajiv Bansal, the company's chief financial officer said on Friday.

Pricing in the fourth quarter that ended in March fell 0.7 percent from the previous quarter.

Earlier, the company forecast lower revenue growth than analysts had expected for this fiscal year, citing a challenging global economy, sending its shares tumbling nearly 18 percent.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.