Infosys @ Latest News: Infosys sees slower growth ahead

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Friday, April 15, 2005

Infosys sees slower growth ahead

Infosys Technologies Ltd. has forecast weaker-than-expected growth, because U.S. customers are slowing their orders with the No. 2 Indian outsourcer as they implement new compliance rules.

Infosys said revenues in the first quarter would be weaker than the fourth quarter because customers are busy complying with rules aimed at cracking down on accounting fraud.