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Revenue was up 17.2% to Rs 15,635 crore in the second quarter ending September 30 from Rs 13,342 crore in the year-ago period. Continuing to fall for the second straight session on Tuesday,
shares of Infosys lost over 2%, after the company slashed its dollar revenue guidance for the current fiscal. Shares of the software services major fell by 2.12% to settle at Rs 1,098.65 on
BSE. During the day, it dipped 3.15% Rs 1,087.10. At NSE, the stock slipped 2% to close at Rs 1,099.40. In the previous session the stock had lost 4%. The company's market valuation has
declined by Rs 15,894.17 crore to Rs 2,52,353.83 crore in two days. Infosys, India's second-biggest software exporter, reported a 9.8% rise in its consolidated net profit for the
September quarter on Monday but trimmed its dollar sales growth forecast for the current fiscal. The company also said its Chief Financial Officer Rajiv Bansal has resigned. Consolidated net
profit in July-September rose to Rs 3,398 crore compared with Rs 3,096 crore in the year-ago period, the company had said in a statement. Revenue was up 17.2% to Rs 15,635 crore in the
second quarter ending September 30 from Rs 13,342 crore in the year-ago period. For the full fiscal, Infosys said revenue in dollar terms is likely to grow 6.4% to 8.4%, lower than previous
guidance of 7.2 to 9.2%, as broad weakness in IT spending and a stronger dollar are making clients wary. While the company did not give reasons for the cut in growth forecast, the
appreciation of the dollar against major currencies is said to be the main cause.