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India's Infosys shares plummet on low earnings

  • India's Infosys lost as much as 4 percent of their value in trading on Monday as shares plummeted to their lowest in more than six months.

    The drop comes on the back of issuing lower-than-expected revenue guidance on Friday and poor Q4 results.

    India's second largest IT services exporter tumbled over 20 percent in the previous session on the back of the disappointing results as well as a weak forecast dollar revenue guidance of 6-10 percent for this fiscal.

    Tagged as: Technology news, Infosys, Infosys news, Infosys revenue