continued to see blistering growth in its fiscal fourth quarter, as worldwide demand for its cheap technical expertise mushroomed. Soft guidance sent the shares lower, however.
Bangalore-based Infosys earned $125 million, or 47 cents an American depositary share, in the quarter, compared with earnings of $77 million, or 29 cents an ADS, last year. Revenue rose 50.2% from a year ago to $455 million.
For the current quarter, Infosys sees earnings of 44 cents an ADS on revenue of $459 million to $463 million. Analysts surveyed by Thomson First Call had been forecasting earnings of 45 cents an ADS on sales of $493.8 million.
For the full year, Infosys sees earnings of $1.92 to $1.95 an ADS on sales of $2.04 billion to $2.07 billion. Analysts had been forecasting earnings of $2.01 an ADS on sales of $2.18 billion.
The stock was recently down $4.11, or 6.2%, to $62.