Infosys Profit Rises 3 Percent, Shares Slump

Infosys Ltd. reported that its fiscal fourth-quarter net profit rose 3 percent from a year earlier but revenue came in below expectations, sending the software exporter’s shares down sharply early Friday.

Over the last few years, India’s second-largest software exporter by revenue has been struggling to meet its own growth expectations as markets in the U.S. and Europe slow down and a new strategy by the company to transform itself into a high-profile consulting firm failed to work.

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