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Stock impact report

UPDATE 1-Infosys cuts full-year revenue forecast [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
UPDATE 1-Infosys cuts full-year revenue forecast | Reuters Reuters Staff 2 Min Read (Adds details, forecast) BENGALURU, Oct 24 (Reuters) - Indian software services company Infosys Ltd trimmed its revenue forecast for the year despite reporting a surprise rise in quarterly profit. It said it expected its full-year revenue to rise 5.5-6.5 percent in constant currency, compared with its previous guidance of a 6.5-8.5 percent increase. Profit after tax rose 3.3 percent to 37.26 billion rupees ($573 million) in the second quarter, beating the average analysts’ estimate of 35.23 billion rupees, according to Thomson Reuters data. The results are the first since Vishal Sikka quit as chief executive in August after a lengthy feud between the board and the company founders that also led to a reorganisation of the board. Nandan Nilekani, a co-founder and a former CEO, was named chairman and the company continues to search for a new CEO. Bengaluru-based Infosys said its revenue from operations ro Show less Read more
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