Infosys Q4 results: Stock falls over 4% on weak guidance

The stock was down 2.5% lower at Rs 944, falling nearly 5% from intra-day high of Rs 991 on BSE

Infosys shed as much as 4.3%% to Rs 927 on BSE at intra-day Sensex, falling nearly 7% from early morning high of Rs 991 after the company reported a 2.8% fall in its Q4 net profit to Rs 3,603 crore versus Rs 3,708 crore in the sequential quarter ended December 31, 2016. Consolidated revenue of the company also declined 0.89% (QoQ) and 3.44% (YoY) to Rs 17,120 crore for the quarter under review. 

The IT major downgrading its guidance for the fourth time added to the fall. It said that the revenue is expected to grow 6.5%-8.5% in constant currency