Infosys says seeing client-specific issues after Brexit, shares down 1.08%

Infosys says seeing client-specific issues after Brexit, shares down 1.08%
An employee walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore. Image Source: Reuters
By Reuters
Updated: Fri, Aug 26, 2016
02:45 pm
New Delhi , Reuters
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IT services provider Infosys is seeing some 'softness' in clients after Britain voted in June to leave the European Union (EU), a top company executive said during an analyst meet on Friday.

Infosys will be in a better position by October to evaluate the impact of this on its earnings outlook for the current fiscal year ending March 31, 2017, chief financial officer Ranganath D Mavinakere said.

"We want to give a more accurate picture on guidance after we execute the second quarter (Q2) earnings," he said, adding that he was confident growth in the second quarter (Q2) would be better than the previous three months.

At 12:57 hours, the stock of Infosys was trading down 1.08% or Rs 11.20 at Rs 1,025.35 on the BSE.

See the LIVE updates of stock price of Infosys here-