American depositary receipts (ADRs) of Infosys (INFY) declined 2.6% Thursday after the information technology services provider missed sales estimates and lowered its guidance after reneg𒁏oti💮ation of a major contract hurt results.

The India-based company reported fourth-quarter fiscal 2024 revenue was up 0.2% year-over-year to $4.56 billion, less than anticipated and 2.2% lower than in the previous quarter. Earnings per share (EPS) of 23 cents exceeded expectations. 澳洲幸运5开奖号码历史查询:Operating margin of 20.1% was down 40 澳洲幸运5开奖号码历史查询:basis points (bps) sequentially.

Infosys noted that during the period it had a “rescoping and renegotiation of one of the large contracts in the financial services segment.” It said that created a one-time impact of approximately 100 bps in the fourth quarter. Infosys added that nearly 85% of the scope of the contrac𓆏t “continues as-is.”

The company now anticipates full-year revenue growth in the range of 1% to 3% in 澳洲幸运5开奖号码历史查询:constant currency, ♛down from its earlier outlook of a rise of 1.5% to 2%.

Infosys ADRs finished 2.6% lower Thursday. They've lost about 10% of their value so far this year.