Its earnings report in contrast to its peers suggests that not only is the company having a difficult time growing revenue, but it is a challenge that may last all the way through the second quarter of 2013. Accordingly, Infosys has had no choice but to offer a weaker outlook than expected from analysts -- trimming its net income forecasts through the first quarter of 2013 from $3.03 per share to $2.97. Investors have found it increasingly difficult to maintain any level of confidence seeing as the company's lunch is being eaten by the competition. What's more, that Infosys is seeing its margins erode is even less comforting. But if there is anything to feel good about in terms of the company's prospects it is that the market still presents some good growth opportunities. At some point, IT spending in the U.S. and Europe, Infosys's primary market, has to rebound and the company has as good of a shot as any to capitalize on that recovery. But then again, the competition is just not going to roll over either. IBM, Accenture and Cognizant are all anticipating this same event. Will Infosys maintain its current strategy or look to expand beyond into emerging markets to boost revenue? Also, what will it do about its declining margins?