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Infosys shares crash nearly 3% in wake of Q4 earnings

Infosys shares crash nearly 3% in wake of Q4 earnings
Shares of IT services firm Infosys on Thursday fell nearly 3 per cent after it reported lower-than -expected earnings for the quarter ended March 2017. Even after a positive opening, shares of the company lost the momentum and fell 2.82 per cent to Rs 941.40 on BSE. At NSE, shares of the company lost 2.87 per cent to Rs 941. The country's second-largest IT services firm Infosys on Thursday 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. Revenue of the Bengaluru-based company grew 3.4 per cent to Rs 17,120 crore in the March quarter compared to Rs 16,550 crore in the same period of 2015-16, it added.

The country's second-largest IT services firm Infosys on Thursday 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. Revenue of the Bengaluru-based company grew 3.4 per cent to Rs 17,120 crore in the March quarter compared to Rs 16,550 crore in the same period of 2015-16, it added.
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