Infosys ADRs Fall 7.5% After Company Cuts Annual Revenue Growth Forecast
Infosys ADRs fell 7.5% in pre-market trading to $12.25 after the company trimmed its annual revenue growth forecast. Q2 net profit rose 6%.
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05:46:05 PM UTC
SquawkNews
Infosys ADRs plunge 7.5% in pre-market after company trims annual revenue growth forecast
05:46:23 PM UTC
SquawkNews
New Delhi, Oct. 23 -- Infosys trimmed its annual revenue growth forecast on Friday despite marginally beating estimates for quarterly revenue after demand from its energy and utility clients picked up.Revenue at India's second-largest IT services provider rose 10.7% to 492.44 billion rupees ($5.19…
New Delhi, Oct. 23 — Infosys American Depositary Receipts fell 7.5% in Friday’s trading on October 23, reaching $12.25 in pre-market trading after the Bengaluru-based technology company lowered its annual revenue growth forecast, despite slightly exceeding revenue estimates for the S…