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Infosys, the IT major has posted its quarterly report that fell below market expectations.
The profit for Q1 has declined 4.5 percent sequentially to Rs 3,436 crore whereas revenue hiked 1.4 percent to Rs 16,782 crore.
In dollar terms, revenue has increased by 2.2 percent to USD 2,501 million and the constant currency dollar revenue growth stood at 1.7 percent as compared with preceding quarter.
The major disappointing news from the country’s second largest IT services exporter was that it lowered its constant currency revenue growth guidance to 10.5-12 percent from 11.5-13.5 percent.
