Infosys Guidance Disappoints Despite Q1 Beat

By | July 11, 2014

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Infosys (INFY) maintained what analysts consider tepid revenue guidance for the year, and its stock fell despite Q1 earnings that solidly beat expectations. The India-based tech service provider early Friday, with its earnings results, didn’t provide a forecast for the current quarter, and it only reiterated its revenue guidance growth for the year of 7% to 9%. That’s well below the National Association of Software & Services Companies’ projected Scalper1 News

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