Infosys outlook disappoints

Software services provider Infosys has again disappointed the investors who were hoping for a more robust growth outlook as its shares went down by almost 9 percent. The company that once symbolised the country's rise as an outsourcing powerhouse has delivered a series of disappointing growth targets since January. But still, Infosys is expecting a growth of 5 percent, for the year ending March, excluding its additional revenue from acquisition of Swiss consultancy Lodestone. Analysts had predicted Infosys would raise its revenue growth forecast to around 6 percent after it had agreed to buy Swiss consultancy Lodestone.