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Actionable news in INFY: INFOSYS TECHNOLOGIES LIMITED AMERICAN DEPOSITARY SHARES,

Infosys (INFY) Stock Lower on Guidance Cut, CFO Departure

NEW YORK (TheStreet) -- Infosys (INFY - Get Report) stock is declining by 6.53% to $17.90 in late morning trading on Monday, on a lowered annual sales growth forecast and the departure of Chief Financial Officer Rajiv Bansal.

On Monday morning, Infosys reported earnings of 23 cents per share on revenue of $2.39 billion for the fiscal 2016 second quarter.

Infosys had been forecast to report earnings of 22 cents per share on revenue of $2.33 billion by analysts surveyed by Thomson Reuters.

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