With responsibility for about $3 billion of revenue or 40% of Infosys' sales, BG Srinivas, who heads Europe and financial services, has his task cut out if the company has to catch up with rivals posting better growth. Deferment of projects, a large project cancellation in Europe, and a ramp down in UK caused Infosys to scale down its year end guidance last week. Srinivas talks to Harsimran Julka about the challenges in Europe and when he expects to see the situation improve. Excerpts: Why is there a divergence between Infosys' outlook and that of TCS '? TCS' commentary is lot more optimisitic... I can't comment on the outlook projected by other IT firms but can surely say that the industry is seeing a tough time. If other companies are seeing a better pipeline in financial services, it may be client specific. It is the weak demand environment and macroeconomic challenges our clients are facing, which we reflected in the outlook for business.