Prolonged discretionary spending slowdown
Clients continue to cut discretionary and transformation projects, with no expected recovery in calendar 2024, which could further pressure revenue growth.
INFY / Q2-FY24 / risks
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Infy · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Large deal ramp-up delays
Mega deals are taking longer to start contributing revenue due to rebadging, regulatory approvals, and transition periods, potentially delaying growth inflection.
Margin pressure from wage hikes and third-party costs
Compensation hikes effective November 1 and increased third-party pass-through costs could offset margin gains from Project Maximus.
Concentration risk in soft verticals
Financial services, telecom, and retail continue to face headwinds, and any further deterioration could disproportionately impact Infosys given its exposure.