Earnings Results
Flat Q4 profit and revenue miss expectations, as decision-making delays by clients resulted in lower volumes
Infosys CEO Salil Parekh says volumes saw some stabilization in March, “the environment remains uncertain.”
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The U.S.-listed shares of Infosys Ltd. tumbled toward a 2 1/2-year low, after the India-based digital services and consulting company reported fiscal fourth-quarter profit and revenue that missed expectations and said the outlook remained “uncertain.”
The company reported net income for the quarter to March 31 of $744 million, or 18 cents a share, compared with $753 million, or 18 cents a share, in the same period a year ago. The FactSet consensus was for earnings per share to rise to 19 cents.
Revenue…
