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Infosys shares today fell nearly 4 per cent after it reported lower-than-expected earnings for the quarter ended March 2017.
The company shares ended down by 3.86 per cent at Rs 931.40 on the BSE.
The stock touched a high of Rs 990.95 and a low of Rs 927 on the BSE.
On the NSE, the shares ended lower by 3.71 per cent at Rs 932.90.
It touched a high of Rs 990 and a low of Rs 926.65.
The country’s second-largest IT services firm Infosys today reported a marginal growth in consolidated net profit at Rs 3,603 crore for the quarter ended March 2017.
Net profit came in 0.2 per cent higher than Rs 3,597 crore in the same period previous year, according to a BSE filing by Infosys.
Revenues of the Bengaluru-based company grew 3.4 per cent to Rs 17,120 crore in the March quarter compared with Rs 16,550 crore in the same period of 2015-16, it added.
The company expects its 2017-18 revenue to grow between 6.1 per cent and 8.1 per cent in dollar terms and 6.5-8.5 per cent in constant currency terms.
On a sequential basis, Infosys’ net profit fell 2.8 per cent, while revenues declined 0.9 per cent.
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