Infosys share buyback as profits slide
Infosys posted a 30 percent fall in quarterly profits but CEO Salil Parekh said its digital business sector saw 33 percent growth (AFP Photo/PRAKASH SINGH)/ India's second-largest software exporter Infosys reported on Friday a 30 percent fall in quarterly profits amid seasonal weakness in the IT sector and mounting expenses. The Bangalore-headquartered company also announced board approval for the buyback of shares worth 82.60 billion rupees ($1.184 billion) and raised its revenue forecast for the current financial year. "We had another ...
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