Infosys Q1: Profit below expectations; dollar guidance revised to 5%
Infosys, India’s second largest information technology company, has reported a net profit of Rs 2,290 crore in the June quarter against the street expectation of Rs 2,483 crore. It further lowered its dollar revenue growth forecast for 2012-13 to 5 per cent, much lower than 8-10 per cent it had predicted at the end of the March quarter, disappointing investors.
