India’s Infosys shares slide after cutting full-year growth outlook

BENGALURU: Shares of Infosys, India’s second-largest software exporter, fell as much as 9% on Friday, after the...
21 Jul, 2023

BENGALURU: Shares of Infosys, India’s second-largest software exporter, fell as much as 9% on Friday, after the company halved its full-year revenue growth outlook and posted a weaker-than-expected first-quarter profit.

The company cut its revenue guidance to 1%-3.5% on a constant currency basis from 4%-7% previously.

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