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.
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’ Q2 revenue grows 6.7% to ₹38,994 cr against 36,538 cr during year-ago period; attrition rate falls to 14.6%
The financial results and proposal for interim dividend, if any, will be presented to the board of directors on October 12, 2023 for their approval,” Infosys says in an exchange filing.
Infosys board has approved a share buyback proposal worth ₹9,300 cr at ₹1,850 per equity share via an open market route.