Infosys cuts revenue outlook on global crisis

Infosys Technologies on Friday cut its forecast for full-year dollar revenues due to the global financial crisis, knocking its shares as much as 17 percent even after it beat expectations with a 30 percent rise in quarterly profit. Infosys also said that it would not increase its 407 million pound takeover offer for British consultancy Axon, after smaller rival HCL Technologies trumped it with a 441 million pound bid.