Infosys' stock drops amid fears

TMS

Monday, April 16, 2012

Infosys, a provider of supply chain visibility software, has seen its stock prices drop more than 13 percent over the past week as analysts downgraded it following an outlook report of low revenue growth released on Friday. The company reported fourth quarter revenues falling 1.9 percent sequentially but said that its fiscal year 2012 revenues grew overall by 15.8 percent. The company expects its fiscal 2013 revenues to grow by 8 to 10 percent. The...

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