Business | Varun Sinha | Monday July 18, 2016
Infosys disappointed investors as it missed first quarter earnings estimates last week. The slower-than-expected rise in revenue (up 2.2 per cent/1.7 per cent quarter-on-quarter in US dollar/constant currency terms) forced Infosys to revise down its annual sales forecast, leading to a carnage in its shares on Friday.
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