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Infosys: Fiscal 4Q Earnings Snapshot

Associated Press
Updated ·1-min read

BANGALORE, India (AP) _ Infosys Ltd. (INFY) on Monday reported fiscal fourth-quarter profit of $590 million.

The Bangalore, India-based company said it had net income of 14 cents per share.

The results matched Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 14 cents per share.

The business consulting services provider posted revenue of $3.2 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $3.27 billion.

For the year, the company reported profit of $2.33 billion, or 55 cents per share. Revenue was reported as $12.78 billion.

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Infosys shares have decreased 17% since the beginning of the year. The stock has decreased 17% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INFY at https://www.zacks.com/ap/INFY