Contributed by NAMPA / AFP.
Infosys share buyback as profits slide
Mumbai, Jan 11, 2019 (AFP) - India's second-largest software exporter Infosys reported on Friday a 30 percent fall in quarterly profits amid seasonal weakness in the IT sector and mounting expenses.
The Bangalore-headquartered company also announced board approval for the buyback of shares worth 82.60 billion rupees ($1.184 billion) and raised its revenue forecast for the current financial year.
"We had another strong quarter in our digital business w ...