Infosys shares fall sharply on Q4 results, TCS shares jump
New Delhi, April 15 -- IT major Infosys reported a mix bag of fourth quarter numbers, with margins coming in below expectations even as revenue came in-line. Infosys also reported strong large deal wins during the quarter which came in more than $1.5 billion. Infosys' guidance for this fiscal starting April 1, 2019, came in below the Street's estimates. Infosys shares fell nearly 4% to Rs.719 in early trade while shares of TCS, which also reported Q4 earnings on Friday, rose 3% Rs.2,076. In comparison, the stock market index Sensex was trading 0.24% higher....
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