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Infosys profit

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Infosys Ltd sadly let down markets and analysts with its forecast for the new fiscal year began April. Concurrently, the India’s No. 2 services exporter released its data on the fourth quarter showing that its quarterly profit climbed about 3.4 percent. The news was not welcomed by markets as stock prices drastically dropped after the statement.

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Infosys Ltd., India software services provider, disappointed investors with weaker-than-expected margins and a revenue outlook that it left unchanged. Infosys’ shares dropped by approximately 9 percent, the most in six months despite the fact that the company saw a 24 percent growth in profit for the quarter that ended in September from the same period last year.

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