Infosys shares slump in pre-open trade; revenue fcast disappoints
MUMBAI, Oct 12 (Reuters) - Shares in Infosys Ltd, India's No.2 software exporter, fell 7.23 percent in pre-open trade after the company's revenue growth forecast for the fiscal year failed to meet market expectations.
Infosys Ltd , India's No.2 software services exporter, reported a 24 percent rise in quarterly profit, meeting expectations, due to higher demand for its outsourcing services by Western clients looking to cut costs.
(Reporting by Abhishek Vishnoi And Manoj Dharra)
(firstname.lastname@example.org; +91 22 61807225; Reuters Messaging; abhishek.vishnoi.reuters.com@reuters.; net)
Keywords: MARKETS INDIA STOCKS/INFOSYS