Infosys announced results for Q2 FY 2014 today.  The takeaways were:

• Revenue at 3.8% sequential growth surprised on the upside
• Client wins surprised on the upside
• Operating Margins were flat despite Rupee depreciation at 23.5%
• Negative-to-flat sequential growth for Q3 & Q4, which was a negative
• Macro-economic uncertainty causing reduced IT spending in Retail
• There was a subtle hint that some acquisition/s may be on the cards (let’s see if this materializes)

All-in-all a steady quarter; therefore, stock may not swing like it did (+/-20%) after the last 2 quarters.