Infosys stock prices prediction 2012

Indonesia stock info - Infosys stock prices prediction 2012 ; Indian IT giant Infosys on Thursday posted a 33 per cent rise in its quarterly profit, but warned of a slowdown and weak client spending due to global uncertainty and the European debt crisis.

Shares in the group fell more than 8 per cent as investors overlooked buoyant profits to focus on the outlook given by India’s second-biggest IT outsourcing firm, which is dependent on demand in the US and Europe

The announcement of a cut in revenue outlook saw Infosys shares falling as much as 8.77 per cent to an intraday low of Rs2,578 on the Bombay Stock Exchange after earnings were announced. read more..

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