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Global crisis dampens Infy outlook

October 13, 2008
Infosys Technologies on Friday cut its forecast for full-year dollar revenues due to the global financial crisis, knocking its shares as much as 17 per cent even after it beat expectations with a 30 per cent rise in quarterly profit.

Infosys also said that it would not increase its pound 407 million takeover offer for British consultancy Axon, after smaller rival HCL Technologies trumped it with a pound 441 million bid.

Video: ANI
Also see: KG basin gas to lift Reliance profit: Ambani

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