Follow us on

Infosys shares slump in pre-open trade; revenue fcast disappoints

Source : REUTERS
Last Updated: Fri, Oct 12, 2012 04:01 hrs
A man looks at an electronic board displaying share prices outside a brokerage in Tokyo

Shares in Infosys Ltd, India's No.2 software exporter, fell 7.23 percent in pre-open trade after the company's revenue growth forecast for the fiscal year failed to meet market expectations.

Infosys Ltd, India's No.2 software services exporter, reported a 24 percent rise in quarterly profit, meeting expectations, due to higher demand for its outsourcing services by Western clients looking to cut costs.

blog comments powered by Disqus
most popular on facebook
talking point on sify finance