Infosys Ltd (INFY.NS)
22 Jul 2016
July 15 Indian shares fell on Friday, underperforming Asian peers, as blue chip Infosys Ltd declined as much as 10.6 percent after the software services exporter posted disappointing results and slashed revenue forecasts.
* Exec says cloud based services will have a positive impact Further company coverage: (Reporting By Anya George Tharakan and Tanvi Mehta)
NEW DELHI Indian IT services giant Infosys Ltd warned it won't make its previous revenue target for this fiscal year, cutting its outlook after first-quarter earnings came in below estimates and Britain's vote to exit the European Union left the company with little visibility on future business prospects.
* No Brexit impact so far, but shares slide 10 pct (Recasts with target downgrade, adds company comment)
** Infosys Ltd's shares fall as much as 9.84 pct to their lowest since Jan 13, making them the top losers on the Nifty IT index
* Exec says so far brexit has had no impact on us, creates an opportunity for us in the medium to long-term
NEW DELHI, July 15 India's second-largest IT services company Infosys Ltd said on Friday its first-quarter net profit grew 13 percent on new client wins but came in marginally below analysts' estimates, sending Bombay-listed shares sharply lower.
June 9 India's benchmark BSE index fell 0.7 percent on Thursday, retreating from a seven-month high hit a day earlier, as caution set in ahead of the U.S. Federal Reserve meeting, while Infosys slumped on worries about its outlook.
India's benchmark Sensex fell nearly 1 percent on Thursday, its biggest single-day fall in three weeks, as caution set in ahead of the U.S. Federal Reserve meeting, while Infosys slumped on worries about its outlook.
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