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.
BENGALURU (Reuters) -Shares of Infosys, India's second-largest software exporter, fell as much as 10% on Friday after the company halved its full-year.
IT behemoths Tata Consultancy Services, Infosys Ltd and Wipro Ltd reported a rise in sequential revenue in the third quarter, boosted by higher client spending on digital transformation during the Covid-19 pandemic. The strong growth in the quarter prompted Infosys to raise its annual revenue forecast. Companies across sectors shifted to hybrid working models and spent more