Infosys profit down, shares slide on outlook




Technology Top Stories from Associated Press (AP) show

Summary: MUMBAI, India (AP) , Indian outsourcing giant Infosys reported lower quarterly profit and forecast subdued revenue growth on Friday due to fragile business confidence in the U.S., sending its shares down 21 percent. Net profit for the January-March quarter fell 4.1 percent from a year earlier to $444 million, the company said.