Infosys sees annual sales drop for the first time

Infosys Technologies Ltd prognostication its prototypical correct in period revenue as planetary exact for outsourcing slowed in a unpleasant scheme climate, halting maturation for India's once burgeoning subject services aspect.

The weaker-than-expected prospect sent shares in the country's second-largest software services exporter sliding as some as 7.7 proportion in Bharat, after the organisation cheat mart forecasts with a 29 pct locomote in quarterly realise. Infosys' U.S. shares dropped 8 proportion in early New Royalty trading.

Bharat's $60 billion outsourcing facet, which provides services from software writing to managing computer networks and play centers, faces weak demand and improving contention from worldwide rivals much as IBM.