Infosys ADR plummets over 6% on weak guidance; stock falls 4%
Post Q2 results, the U.S.-listed shares of Infosys plunged 6.5% to $16.46 in overnight trade on NYSE after the IT heavyweight cut revenue guidance for the second in a row.
infosys revenue guidance for fy24
October 2023
April 2023
Infosys Q4 results: Profit up 7.8%; revenue rises 16%; declares dividend of ₹17.50
The IT major forecasts slower revenue growth of 4-7% for FY24; EBIT margin to grow at 20-22%.
