Infosys' Outlook Unchanged After 3Q; Strong Interest in Digital; Shares at Moderate Discount
Infosys’ third-quarter results were largely in line with expectations after taking into account the firm’s contract ramp-down with Royal Bank of Scotland and typical seasonality associated with the end of the calendar year. Given the nine-month performance, the company tightened its constant currency revenue growth guidance to 8.4%-8.8% from 8.0%-9.0%. With the new U.S. administration coming in shortly, Infosys provided less color than Tata Consultancy Services on its stance on visa reform, sayi...
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