Infosys will not submit a revised offer for Axon, the SAP consultancy group. Infosys' bid currently stands at 600 pence per share but it is competing for the company against a 650 pence per share offer from HCL, a competing ITO provider.

In light of HCL's more attractive offer a statement was released from Axon announcing the withdrawal of its recommendation of Infosys’ offer and its intent to unanimously recommend the higher offer when made.

Infosys replied with its own announcement stating that "After careful consideration, the Board of Infosys has concluded that it will not increase the price of its original offer," The statement continued, "Infosys has a fast-growing and profitable SAP - led business transformation practice. The company is confident that its decision will have no material impact on its strategic plans."