Credit Suisse Downgrades Infosys Technologies (INFY) to Neutral
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Infosys Limited (INFY) Misses Q1 EPS by 1c, Revises Guidance
July 15, 2016 7:48 AM EDTInfosys Limited (NYSE: INFY) reported Q1 EPS of $0.22, $0.01 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.55 billion.
For the fiscal year ending March 31, 2017, the company now sees revenues up 10.5%-12.0% in constant currency.
"We had unanticipated headwinds in discretionary spending in consulting services and package implementations as well as slower project ramp-ups in large deals that we had won in... More
