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Infosys retains revenue forecast as seeks recovery

Reuters  |  MUMBAI/BENGALURU 

By Sankalp Phartiyal and Krishna V KurupMUMBAI/BENGALURU (Reuters) - India's second-biggest IT firm Infosys Ltd retained its revenue outlook for the fiscal year to March, with its chief executive upbeat about demand for the company's services in the key markets of United States and Europe.But a 3.7 percent rise in quarterly net profit, the state of its key financial business and no upgrade to the guidance outweighed the announcement of a bonus issue of equity shares and stock dividend of American depositary shares in a 1:1 ratio. The company's New York-listed shares fell 3.8 percent by 1435 ...

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First Published: Fri, July 13 2018. 20:09 IST
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