Infosys stock falls nearly 6% after Q4 earnings lag estimates

The Infosys stock fell nearly 6 per cent on Friday after the company announced its Q4 earnings which lagged estimates.

The stock closed at Rs 1,996.25 on the BSE, down 5.95 per cent from the previous close. The company posted a 3.5 per cent rise in quarterly net profit, lagging analyst estimates.

Infosys, which provides IT services to clients like Apple Inc, Volkswagen AG and Wal-mart Stores Inc, posted Rs 3,097 crore ($487.10 million) in net profit in the March quarter, up from Rs 2,992 crore a year earlier.  Analysts, on average, were expecting it to make Rs 3,186 crore, according to Thomson Reuters data.

(With  Reuters inputs)