Infosys cuts annual revenue target for 2nd time as US election, Brexit weigh

An employee walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore, February 28, 2012. REUTERS/Vivek Prakash/File Photo

MUMBAI: India's second-largest software services exporter Infosys Ltd cut its fiscal-year revenue growth target for the second time in three months on an uncertain business outlook, sending its shares tumbling more than 5%. 

Reporting a 6.1% rise in second-quarter net profit, Infosys said on Oct 14 it now expected revenue to grow between 8% and 9% in constant currency terms in the fiscal year to March 31, 2017. Its previous revenue growth target, issued in July, was 10.5%-12%, already lowered from the up to 13.5% it said it expected in April.