Infosys Q4 profit falls 2.8%,Nifty , sensex updates


Infosys' fourth quarter earnings barring bottomline missed analysts' expectations on Thursday. Even its FY18 guidance was lower than estimates but the announcement of Rs 13,000-crore payout through dividend or share buyback during the year and fall in attrition rate minimised losses in the share price. The stock fell 2.88 percent intraday.
The software services exporter has reported consolidated profit at Rs 3,603 crore for the January-March quarter, degrowth of 2.8 percent from Rs 3,708 crore in previous quarter. Revenue also fell 0.88 percent to Rs 17,120 crore on sequential basis.
The Sensex down 46.92 points at 29596.56, and the Nifty down 18.35 points at 9185.10.