But recession is now a fact of life for a while to come. How long do you think will this economic downturn last?
Recession is a fact of life. Some people are even saying that what is happening on the global scene is a depression, like the 1929 Great Depression.
How long do you think will this go on?
Based on the data that we have -- which came from a survey that we conducted -- and based on the discussions we have had with various decision-makers and opinion leaders and thinkers and economists, we have come out with guidance for the next year which clearly shows that our revenues and profit may dip.
We believe that the next four quarters will continue to be difficult.
How badly will this impact a strong company like Infosys?
We have cash of about Rs 11,000 crore -- $2.2 billion -- which is almost 8-9 months of entire expenses, when you remove certain discretionary expenses. So the company has no issue in surviving during this period.
However, we have had a culture of high performance and high growth, and that is not likely to happen.
Image: Engineers work in the control room at Infosys Technologies campus at Electronics City in Bangalore. | Photograph: Pawel Kopczynski/Reuters
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