Infosys ADRs tumble 6% as growth guidance cut to 1-2%
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Infosys CEO Salil Parekh said the weakness was driven by specific client situations rather than a broad-based slowdown across industries. “We have seen different client-specific situations in both retail and high-tech. This is not happening across all industries. We continue to see strong growth and discretionary spending in financial services, energy and utilities, and manufacturing,” he said. What's Your Reaction?
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