The Bengaluru-based business recorded an 8% increase in its net profit at Rs 6,128 crore, while revenue from operations rose 16% to Rs 37,441 crore, causing Infosys shares to fall 11% on Monday after its Q4 earnings fell short of Street expectations. The revenue and profit numbers fell short of analysts’ projections.
On Thursday, the outcomes were made public after market close. Due to Ambedkar Jayanti, Indian stock markets were closed on Thursday .
According to experts weaker revenue growth, reduced margin, adverse currency, and corporate action are major threats to the company.
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