Business Standard

Infosys extends fall on weak FY13 guidance

Disappointing 4th-qtrr earnings, lower dollar revenue and EPS guidance for FY13 drags stock down

SI Reporter  |  Mumbai 

is trading lower by 2% at Rs 2,360, extending its record single day fall of around 13% on Friday, after the IT bellwether reported disappointing fourth quarter earnings and offered lower dollar revenue and earning per share (EPS) guidance for FY13.

The IT major has guided for 8-10% growth in dollar revenue terms which is much lower than expectations of 12-15%. The company expects FY13 dollar revenues at $7553-7692 million. The FY13 EPS guidance is expected at Rs 158.76-161.4 (at assumed currency rate of INR50.88/USD).

A combined around two million shares have changing hands on the counter so far on both the exchanges.

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Infosys extends fall on weak FY13 guidance

Disappointing 4th-qtrr earnings, lower dollar revenue and EPS guidance for FY13 drags stock down

The IT major has guided for 8-10% growth in dollar revenue terms which is much lower than expectations of 12-15%. The company expects FY13 dollar revenues at $7553-7692 million. The FY13 EPS guidance is expected at Rs 158.76-161.4 (at assumed currency rate of INR50.88/USD).

is trading lower by 2% at Rs 2,360, extending its record single day fall of around 13% on Friday, after the IT bellwether reported disappointing fourth quarter earnings and offered lower dollar revenue and earning per share (EPS) guidance for FY13.

The IT major has guided for 8-10% growth in dollar revenue terms which is much lower than expectations of 12-15%. The company expects FY13 dollar revenues at $7553-7692 million. The FY13 EPS guidance is expected at Rs 158.76-161.4 (at assumed currency rate of INR50.88/USD).

A combined around two million shares have changing hands on the counter so far on both the exchanges.

image
Business Standard
177 22

Infosys extends fall on weak FY13 guidance

Disappointing 4th-qtrr earnings, lower dollar revenue and EPS guidance for FY13 drags stock down

is trading lower by 2% at Rs 2,360, extending its record single day fall of around 13% on Friday, after the IT bellwether reported disappointing fourth quarter earnings and offered lower dollar revenue and earning per share (EPS) guidance for FY13.

The IT major has guided for 8-10% growth in dollar revenue terms which is much lower than expectations of 12-15%. The company expects FY13 dollar revenues at $7553-7692 million. The FY13 EPS guidance is expected at Rs 158.76-161.4 (at assumed currency rate of INR50.88/USD).

A combined around two million shares have changing hands on the counter so far on both the exchanges.

image
Business Standard
177 22