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BUZZ-India's Infosys shares fall; FY18 guidance disappoints
April 13, 2017 / 4:17 AM / 7 months ago

BUZZ-India's Infosys shares fall; FY18 guidance disappoints

** Infosys’ Ltd shares fall as much as 2.7 pct to lowest in over two months

** Co sees FY 2017/18 revenues to grow 6.5 pct-8.5 pct in constant currency, lower than analysts’ expectations

** FY18 revenue growth was expected to be 8-10 pct, HDFC Securities analysts wrote in a note

** Infosys reported a slightly higher-than-expected Mar-qtr profit as it added more clients in $100 mln-plus category

** Co’s shares rose as much as 2.2 pct but reversed early gains quickly

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