<p>The current environment is throwing up “good opportunities in the merger and acquisition space”, Infosys Chief Executive Officer Salil Parekh has said, adding the Bengaluru-headquartered IT firm will look at companies that offer strong strategic and cultural fit.</p>.<p>While Infosys is on “look out at all times” for good acquisitions, “this is a good environment for finding it”, Parekh said.</p>.<p>Infosys is seeing “very good opportunities” in the M&A environment, he observed.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/tcs-infosys-results-signal-subdued-q4-for-it-pack-experts-see-choppy-1-2-quarters-1210222.html" target="_blank">TCS, Infosys results signal subdued Q4 for IT pack, experts see choppy 1-2 quarters</a></strong><br /><br />“...and this is a good environment. We have a very strong balance sheet, a very good way to deploy it. If we find a company or an entity which fits in strategically but also culturally, and we have a way of integrating it, we will look at that,” Infosys top honcho said during the Q4 earnings conference recently.</p>.<p>He was responding to a question on whether the weak US macro environment and the global uncertainties are offering lucrative opportunities in the merger and acquisition space.</p>.<p>Infosys this week reported lower-than-expected growth in the fourth quarter net profit and gave a weak 4-7 per cent revenue growth guidance for FY24 amid the tightening of IT budgets by clients following turmoil in the US banking sector.</p>.<p>India’s second-biggest software services firm posted 7.8 per cent year-on-year growth in consolidated net profit at Rs 6,128 crore in the January-March quarter. But the profit fell 7 per cent when compared to the preceding October-December quarter.</p>.<p>The revenue growth in constant currency for FY23 came in at 15.4 per cent, lower than the guidance. Infosys’ Q4 year-on-year-growth was 8.8 per cent and the sequential decline was 3.2 per cent in constant currency terms.</p>.<p>Revenue rose 16 per cent year-on-year in the fourth quarter of FY23 to Rs 37,441 crore but represented a decline of 2.3 per cent when compared to the December 2022 quarter.</p>.<p>Infosys expects to post revenue growth of between 4 per cent and 7 per cent for the fiscal year ending March 2024, lower than analyst expectations.</p>
<p>The current environment is throwing up “good opportunities in the merger and acquisition space”, Infosys Chief Executive Officer Salil Parekh has said, adding the Bengaluru-headquartered IT firm will look at companies that offer strong strategic and cultural fit.</p>.<p>While Infosys is on “look out at all times” for good acquisitions, “this is a good environment for finding it”, Parekh said.</p>.<p>Infosys is seeing “very good opportunities” in the M&A environment, he observed.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/tcs-infosys-results-signal-subdued-q4-for-it-pack-experts-see-choppy-1-2-quarters-1210222.html" target="_blank">TCS, Infosys results signal subdued Q4 for IT pack, experts see choppy 1-2 quarters</a></strong><br /><br />“...and this is a good environment. We have a very strong balance sheet, a very good way to deploy it. If we find a company or an entity which fits in strategically but also culturally, and we have a way of integrating it, we will look at that,” Infosys top honcho said during the Q4 earnings conference recently.</p>.<p>He was responding to a question on whether the weak US macro environment and the global uncertainties are offering lucrative opportunities in the merger and acquisition space.</p>.<p>Infosys this week reported lower-than-expected growth in the fourth quarter net profit and gave a weak 4-7 per cent revenue growth guidance for FY24 amid the tightening of IT budgets by clients following turmoil in the US banking sector.</p>.<p>India’s second-biggest software services firm posted 7.8 per cent year-on-year growth in consolidated net profit at Rs 6,128 crore in the January-March quarter. But the profit fell 7 per cent when compared to the preceding October-December quarter.</p>.<p>The revenue growth in constant currency for FY23 came in at 15.4 per cent, lower than the guidance. Infosys’ Q4 year-on-year-growth was 8.8 per cent and the sequential decline was 3.2 per cent in constant currency terms.</p>.<p>Revenue rose 16 per cent year-on-year in the fourth quarter of FY23 to Rs 37,441 crore but represented a decline of 2.3 per cent when compared to the December 2022 quarter.</p>.<p>Infosys expects to post revenue growth of between 4 per cent and 7 per cent for the fiscal year ending March 2024, lower than analyst expectations.</p>