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Stock impact report

UPDATE 2-India's Infosys suspends FY revenue forecast on coronavirus blow [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 blow BENGALURU (Reuters) - India’s Infosys suspended its full-year 2021 revenue forecast on Monday, joining its software outsourcing rivals in flagging a hit to its business as the coronavirus pandemic freezes client activity in the United States and Europe. Infosys, Wipro Ltd, and Tata Consultancy Services Ltd offer a range of software services to some of the biggest companies globally that have lost business and working days due to lockdowns and production cuts. “There will be some sort of recessionary environment,” Infosys Chief Executive Officer Salil Parekh told reporters in a post-earnings web conference. We’ll be extremely careful with the way we look at costs.” Infosys’ move to set aside its outlook comes a week after bigger rival Tata Consulting Services said the outbreak had “completely reversed” the positive momentum from the first half of the fiscal year. Wipro also warned of “huge pressure” on margins and did not Show less Read more
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