AI
Friday, April 12, 2013 1:49:07 PM
Infosys Ltd ADR (NYSE:INFY) decreased 17.26% to $44.97 on a traded volume of 849k shares. The Company expects billing rates and margins to be under pressure in the short term. Pricing in the fourth quarter that ended in March fell 0.7% from the previous quarter. The Company forecast lower revenue growth than analysts had expected for this fiscal year, citing a challenging global economy.
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