Shares of Infosys recovered from its intra-day low and ended at Rs1370 down by 2.7%. The stock sharply slipped after the IT bellwether announced Q4 FY09 net profit of Rs16.13bn versus Rs16.41bn in the previous quarter, translating into a sequential drop of 1.7% in Rupee terms. Revenue for the fourth quarter is down 2.6% QoQ at Rs56.35bn as against Rs57.86bn in Q3 FY09.
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