Infosys Ltd shares slumped as much as 10% on Monday to their lowest level in over two years after the IT services exporter forecast revenue growth this fiscal would be the slowest in six years and missed profit estimates for the fourth quarter.
An employee walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore, February 28, 2012. REUTERS/Vivek Prakash/File Photoshares slumped as much as 10% on Monday to their lowest level in over two years after the IT services exporter forecast revenue growth this fiscal would be the slowest in six years and missed profit estimates for the fourth quarter.
The Bengaluru- based company's net profit of 61.28 billion rupees in the January-March quarter also missed analysts' expectations of 66.24 billion rupees, according to Refinitiv IBES.
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