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Infosys Cuts Revenue Guidance Again, Shares Slump To Year Low
Infosys reported better-than-estimated net profit of Rs 3,606 crore Infosys expects revenue to grow at 8-9% for current fiscal year Infosys had estimated revenue growth of 11.5-13.5%
14 Oct 2016, 10:45 AM IST 
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IT major Infosys lowered its revenue growth guidance for the second straight quarter, sending is shares over 5 per cent lower to a fresh 52-week low of Rs 996, as CEO Vishal Sikka said the IT major continues to navigate an “uncertain external environment”.
The Bengaluru-based outsourcer said that it now expects revenue to grow at 8-9 per cent in constant currency terms for the current fiscal year, as compared to its earlier guidance...
