HomeNewsBusinessCNBC-TV18 CommentsInfosys magic fails on dismal Q4 results, will FY12 vary?

Infosys magic fails on dismal Q4 results, will FY12 vary?

Earnings season has started on a feeble note, with IT bellwether Infosys posting a disappointing set of quarterly numbers. The company stock took a beating on Friday, and closed nearly 10% lower on weak guidance. CNBC-TV18's Vineetha Ahtrey and Sunanda Jayasheelan find out what went wrong with Infosys.

April 18, 2011 / 17:58 IST
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Earnings season has started on a feeble note, with IT bellwether Infosys posting a disappointing set of quarterly numbers. Fourth quarter net profit has grown at a lower-than-expected 2.1% quarter-on-quarter and revenues have also missed street estimates, growing at 2%. In addition to that, the company stock took a beating on Friday, and closed nearly 10% lower on weak guidance. CNBC-TV18

first published: Apr 15, 2011 09:38 pm

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