Infosys slashes top end of FY revenue guidance, U.S.-listed shares fall premarket
) fell in premarket trading on Thursday after the Indian software-services exporter slashed the upper end of its full-year revenue growth outlook.
In its quarterly latest financial results, the Bengaluru-based company said it now expects fiscal year 2024 sales to rise by 1.0%-2.5% at constant currencies, down from its prior guidance of 1.0%-3.5%. Meanwhile, consolidated net profit at the firm jumped to 62.12 billion rupees during the three-months ended on Sept. 30, although this missed profit estimates of 62.95B rupees, Reuters said, citing LSEG IBES data.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
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