Infosys Ltd ADR

INFY: XNYS (USA)
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Infosys Earnings: Headwinds With High Tech and Retail Should Be Temporary; Fundamentals Still Solid

Infosys' second-quarter revenue grew 1.5% year over year in constant currency. High tech and retail both faced strong headwinds, with revenue dropping 17% and 8% year over year. Management also cut full-year revenue growth guidance by 75 basis points at the midpoint to 1%-2%. Shares were down 5%.

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