Infosys says seeing client-specific issues after Brexit, shares down 1.08%
)
02:45 PM IST
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-
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
)
)
)
)
Infosys to no longer work on RBS' new UK bank project 
Brexit is an opportunity, Infosys says
IMF cuts India’s, global growth projection on Brexit
