10 Companies Reflect Market Decline

4. Infosys Ltd. (NYSE:INFY)

Shares of Infosys (INFY) on Thursday declined by 5.73 percent to finish at $21.57 apiece, discounting news of improved revenue performance in the third quarter of last year.

According to Infosys’ recent earnings report, its revenues improved by 0.92 percent to $4.94 billion, beating analysts’ expectations. A Bloomberg poll of analysts had expected Infosys to report a revenue of $4.81 billion for the quarter.

Infosys (INFY) has upgraded its revenue growth forecast for fiscal year 2024-25 to a range of 4.5-5% in constant currency terms, up from its previous projection of 3.75-4.5%. At the start of the fiscal year, the company had initially set a more conservative growth target of 1-3% in constant currency terms.