Once a growth darling and a play on the rise of outsourcing, Infosys (Nasdaq:INFY) has had a rougher go of it over the past few years an strategic missteps compromised the company's growth and market share. More recently, investors have cheered the return of NR Narayana Murthy to the company as executive chairman and the vision he laid out for a return to success based around improving employee morale/performance and better appreciating the actual needs of customers.
It's much too soon for any of that to make a major difference, but Infosys's strong first fiscal quarter results are a positive step all the same. If nothing else, it does show that the company is not so far behind that it can't still win deals and deliver good results. While the shares have already bounced about 20% off of a recent low, a fair value in the mid-$50s gives investors a reason to hang on for a little while longer.
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Investopedia: Infosys Hints At What It Can Do
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