The exchanger shares despite defeating revenue estimates. Infosys ADR decreases 3%

On Friday, the exchanger shares were down 11%, which was lower at 3 273.19 a day, however, despite the rising demand for the consulting giant’s AI-powered services from the enterprise customers, the third quarter of revenue beats.

Citing data compiled by LSEG, Reuters reported that, compared to the average estimates of analysts, the revenue of $ 17.7 billion was recorded in the quarter ended May 31.

The report said that the company was struggling with a poor US federal contract environment because the Trump administration has slowed down new contracts and reduced existing agreements to reduce federal costs, the report said the company said that these changes were not affected by its performance or financial status.

The main indicators on Wall L Street were mixed, with Dow 30 with 42,225.90, 54.23 points or 0.13%. The S&P traded at 9.35 points or 0.16%, while the Nasdaq combined at 19,464.10, which is 82.13 points or 0.42%, about 12:23 pm GMT -4 (9:54 afternoon).

Taking indications, India’s frontline IT companies, Infosys and Wipro’s American depository receipts (ADR) were also low. While Infosys ADR reached 17.89 d .lar below 3%, Wipro ADRS marginal was below 0.33%.

Indian headlines indicators ended their three-term defeat on Friday, leading the bank, ENERGY Raza and IT stocks. Individually, HDFC Bank and Reliance Industries (RIL) contributed the most. While the Nifty closed at 319.15 points or 1.29% at 25,112.40, the 30-Stock S&P BSE Sensex ended at 82,408.17, which rose 1,046.30 points or 1.29%.

Indian IT stocks ended with strong gains today, leading the tier -2 stocks. Continuous systems 3.5. %% jumped and then coffee orge, which was 2% rally. MPSis also increased by more than 1% at the expiry.

In Largekap stocks, HCL technologies were the top gainers, which increased 1.3%.

Others, including Oracle Financial Services S. Software Fatware (OFS), Tech Mahindra, Tata Consultancy Services (TCS) and Wipro, have settled with up to 0.8%.

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The LG Guards had Infosys and LittindTrie, which closed in red.

The 10-Stock Nifty IT index ended with an upstick of 0.84%.

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