INFY Drops 12% on Year View: Large Deals ‘Disappearing’
Shares of outsourcing giant Infosys (INFY) are down $5.02, or almost 12%, at $38.59 after the company this morning reported fiscal Q1 revenue that topped consensus, and profit in line with expectations, but cut its full-year outlook, citing broad lack of confidence among its clients. Revenue in the three months ended in June rose 4.8%, [...]
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