IT giant Infosys reports slower revenue growth
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Infosys reported slower revenue growth for its fiscal third quarter, leading to a 5.8% drop in its share price on the NYSE. The company posted $4.9 billion in revenue, a 1.7% increase from the previous quarter and a 6.1% increase year-over-year, with a slight improvement in margins.
January 16, 2025 | 4:00 pm
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Infosys reported slower revenue growth for its fiscal third quarter, leading to a 5.8% drop in its share price. The company posted $4.9 billion in revenue, a 1.7% increase from the previous quarter and a 6.1% increase year-over-year, with a slight improvement in margins.
The slower revenue growth reported by Infosys for its fiscal third quarter has led to a significant drop in its share price, indicating a negative market reaction. Despite a slight improvement in margins, the growth figures were not enough to meet investor expectations, resulting in a short-term negative impact on the stock price.
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