Infosys cuts employees' breaks to meet revenue target - The Times of India

BANGALORE: Infosys is making its nearly 1.5 lakh employees work extra hard this quarter by shortening two weekend breaks, a rare step which may mean the company is huffing and puffing to meet its revenue growth target.

Staff at India's second-largest software exporter worked on November 19 and December 10 (both Saturdays), giving the company a revenue boost of 1-1.3% for the October-December quarter, J P Morgan analyst Viju K George wrote in a report.

While all top-tier IT services providers have cited the weak global economic situation in their prognosis, Infosys has been particularly pessimistic in recent weeks. Its chief financial officer, V Balakrishnan, said recently that the company may not reach the upper end of its sales growth forecast of 3-5% for the December quarter and 17.1-19.1% for the financial year, or $7.08-7.2 billion.

Infosys cuts employees' breaks to meet revenue target - The Times of India