Infosys share price go down after Infosys Q4, Results 2011 comes in News
written by anjitha
at Friday, April 15, 2011
The key benchmark indices skidded in early trade soon as IT bellwether Infosys reported lower-than-expected Q4 numbers. The BSE 30-share Sensex was down 86.31 points or 0.44%. IT bellwether Infosys Technologies’ slumped 5.76% after the company reported a lower-than-expected 2.13% growth in consolidated net profit as per International Financial Reporting Standards at Rs. 1818 crore in Q4 March 2011 over Q3 December 2010. Infosys’ revenue rose 2.02% to Rs. 7250 crore in Q4 March 2011 over Q3 December 2010. The revenue growth, too, fell short of market expectations.
Anjitha:1326
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