Infosys (INFY) volatility elevated into less than expected Q1 results

Infosys Limited (NYSE: INFY) is recently down $1.94 to $16.50 in the preopen after reporting Q1 EPS 22c, compared to consensus 23c. Q1 revenue was $2.5B, compared to consensus $2.55B. July call option implied volatility is at 133, August is at 35; compared to its 52-week range of 21 to 48.

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