Infosys shares fall as it forecasts low growth

Bangalore, January 12 (ANI): India's number two software exporter, Infosys, has trimmed its full year revenue growth outlook for a second straight time, sending its shares down nearly 8 percent to their lowest in more than a month. Earlier in the day, Chief Executive Officer of Infosys, S D Shibulal declared the company's quarterly results in Bangalore. Shibulal warned of lower client spending due to the debt crisis in Europe and the predominant volatility in the market. According to Chief Financial Officer, Infosys, V Balakrishnan, the operating margins have gone down owing to the rupee depreciation.