Infosys cuts FY12 revenue guidance, stock tumbles
Technology bellwether Infosys reported a better than expected third quarter consolidated net profit of Rs 2,372 crore up 33.3% from a year ago. However, it cut its US dollar revenue guidance for the full year amid worries that a global economic downturn led by the eurozone debt crisis could hurt demand.
January 12, 2012 / 09:44 IST
Moneycontrol Bureau
Technology bellwether Infosys reported a better than expected third quarter consolidated net profit of Rs 2,372 crore up 33.3% from a year ago. However, it cut its US dollar revenue guidance for the full year and fourth quarter forecast was also flattish, amid worries that a global economic downturn led by the eurozone debt crisis could hurt demand.Infosys' October-December revenue was up 31% year-on-year to Rs 9,298 crore. A CNBC-TV18 poll of analysts had expected Infosys
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