Infosys had in a BSE filing on September 14 suggested that the IT firm had entered into a Memorandum of Understanding with a global company to provide business operations services, leveraging Infosys' platforms & AI solutions.
Infosys stock price falls following $1 5 billion deal loss vervetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vervetimes.com Daily Mail and Mail on Sunday newspapers.
Shares of Infosys, which will announce its December quarter results on January 11, are flat on a year-to-date basis. In the second quarter, the Bengaluru-based company had reported a 3% growth in consolidated net profit at Rs 6,212 crore. Consolidated revenue grew nearly 7% YoY to Rs 38,994 crore.
IT major Infosys on Saturday announced that a global client has decided to terminate the Memorandum of Understanding (MoU) for a $1.5 billion deal focused on artificial intelligence (AI) solutions.