01
Jun
Infosys said Covid-19 led slowdown has resulted in termination of projects and may hit the company’s profitability going forward. The Bengaluru-headquartered IT services exporter has highlighted the pandemic could be a major risk going forward as key clients across the US, Europe and other prominent markets may cut costs due to prolonged economic impact. The economic slowdown or other factors affecting the economic health of the U.S., the U.K., the EU and Australia are expected to cast a gloom on the financials of the Indian IT services giant. Infosys, on account of its revenues being concentrated in a few geographies,…