Infosys: recovery after crisis may be slow and weak

The chairman of No. 2 Indian software services exporter Infosys Technologies' on Saturday said recovery from the global financial crisis may be slow and weak.

Early signs of an emergence from the global recession cannot be taken for granted, and the threat from highly leveraged economies cannot be ignored, Chairman N R Narayana Murthy said at the company's annual shareholders' meeting in the south Indian city of Bangalore.

Infosys, which counts Goldman Sachs, BT Group and BP among its clients, in April forecast a better-than-expected 16-18 per cent rise in revenue for the year ending March 2011, pointing to a recovery for the sector.