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Stock impact report

UPDATE 1-India's Infosys suspends FY revenue forecast on coronavirus crisis [Reuters]

Infosys Limited American Depositary Shares (INFY) 
Last infosys limited american depositary shares earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: infosys.com/investors
Company Research Source: Reuters
India's Infosys suspends FY revenue forecast on coronavirus crisis BENGALURU (Reuters) - India’s software services bellwether Infosys Ltd ( INFY.NS ) on Monday suspended revenue and margin forecasts for the financial year 2021, blaming uncertainties stemming from the coronavirus outbreak. The company also joined rivals Tata Consulting Services ( TCS.NS ) and Wipro ( WIPR.NS ) to warn on challenging quarters ahead amid lockdowns by many nations to check the spread of the virus. The United States and Europe, the two biggest markets for the Indian IT industry, have taken the biggest hit from the coronavirus pandemic as lockdowns to contain the virus have brought their economies virtually to a halt. Bigger rival Tata Consulting Services ( TCS.NS ) said last week the outbreak had “completely reversed” the positive momentum from the first half of the fiscal year, while Wipro ( WIPR.NS ) did not give a forecast for the current quarter due to the crisis. However, Infosys reported a 7 Show less Read more
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