Shares of Infosys Ltd. are down sharply in the wake of the announcement of its Q2 results and FY13 guidance.
Infosys' muted Q2 earnings and tepid guidance are weighing on the IT pack.
Infosys said its Q2 net profit rose to Rs 23.7bn versus Rs 19.06bn in the same quarter a year earlier.
The company's July-September net profit was forecast at Rs 23.8bn.
The company said it expects revenue growth of at least 5% for the full fiscal year, maintaining its previous outlook.
Infosys cut its view for earnings per ADS to at least US$2.97 from US$3.03, adjusting it for the currency exchange rate.