Infosys Q4 Revenue Misses Expectations, Shares Fall

Infosys Stocks Tumble on Revenue Miss and Lackluster Guidance

Infosys Limited's shares took a significant hit, dropping by almost 6% in early U.S. trading on Thursday, following the India-based IT giant's disappointing performance in its fourth-quarter outcomes. Despite a 30% increase in consolidated profit, which amounted to INR 79.69 billion, the company's revenue growth of 1.3% to INR 379.23 billion ($4.54 billion) fell short of analysts' expectations, which were pegged at INR 383.81 billion ($4.61 billion).