Infosys, which is facing a possible downgrade from brokerage houses for the first time in several years, has said that it will stick to its business model and not change course. “The character of an organisation will come out in tough times. There will be pressure to change course. But the moment you succumb, you will fall. We will stick to our Infosys 3.0 strategy. We are going in the right direction,” V. Balakrishnan, a key board member of Infosys and India Business Head, told Business Line. US FISCAL CLIFF Balakrishnan, till recently the CFO of Infosys, said that if the US fiscal cliff talks are resolved, there is still hope for Indian IT companies such as Infosys. Though the economic situation has not changed and clients are still hesitant to spend, “if the fiscal cliff talks get resolved, companies may change their view. Maybe in the New Year, they will spend money,” he said.

Source - http://www.thehindubusinessline.com