Actionable news
0
All posts from Actionable news
Actionable news in INFY: INFOSYS TECHNOLOGIES LIMITED AMERICAN DEPOSITARY SHARES,

Infosys (INFY) Stock Tumbled Today on Lowered Sales Expectations

NEW YORK (TheStreet) -- Shares of Infosys (INFY) closed lower by 8.84% to $16.81 on heavy trading volume on Friday after the India-based IT company cut its annual sales forecast.

Infosys is now projecting revenue growth to range between 10.5% and 12% in constant currency for the fiscal year ending March 31, 2017, down from its prior estimate of growth between 11.5% and 13.5% for the period.

IT companies have been struggling as businesses shift toward customizable internet-based software and away from...


More