 "Infosys CEO Vishal Sikka during a press conference to announce the first quarter results of the company at its headquarters in Bengaluru")
Markets gave thumbs-down to Infosys’ fourth quarter numbers for the financial year 2016 – 17 (Q4FY17) with the stock tumbling nearly over 2.5%, or Rs 24, to Rs 945 levels in morning trade on the National Stock Exchange (NSE). It hit a low of Rs 941 and a high of Rs 990.
“Infosys 4Q revenues were marginally lower-than-expected, impacted by unexpected challenges in execution and other distractions. However, margins came in above our expectations, which is a positive. The company has been deriving operating efficiencies through automation and artificial intelligence," said Dipen Shah, senior vice-pesident for PCG research, Kotak
