Infosys share price: Infosys shares fall more than 8.5 pc on Nifty

Shares in Infosys Technologies fell more than 8 pc after the company reported lower-than-expected fourth quarter net profit.

MUMBAI: Shares in Infosys Technologies fell more than 8 per cent on Friday after the Indian outsourcing firm reported lower-than-expected fourth quarter net profit, and dragged the broader market down.

Infosys, India's second-largest software exporter, lagged market expectations despite a 13.7 percent rise in quarterly profit, hurt by higher expenses in a seasonally weak quarter.

At 1.30p.m., Infosys shares were down 8.57 per cent on NSE, trading at Rs 3023.

Infosys Technologies Ltd , India's No. 2 software services exporter, lagged market expectations despite a 13.7 percent rise in quarterly profit, hurt by higher expenses in a seasonally weak quarter.
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