Investing.com - Infosys ADR reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Infosys ADR announced earnings per share of 0.18 on revenue of 4.28B. Analysts polled by Investing.com anticipated EPS of 0.1888 on revenue of 4.33B.
Infosys ADR shares are down 10.83% from the beginning of the year and are trading at 21.87 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Infosys ADR shares lost 3.10% in pre-market trade after the report.
Infosys ADR follows other major Information Technology sector earnings this month
Infosys ADR's report follows an earnings beat by Accenture on Thursday, March 17, 2022, who reported EPS of 2.54 on revenue of 15.05B, compared to forecasts EPS of 2.37 on revenue of 14.65B.
Adobe had beat expectations on Tuesday, March 22, 2022 with first quarter EPS of 3.37 on revenue of 4.26B, compared to forecast for EPS of 3.34 on revenue of 4.24B.
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