Infosys, the country's second largest software exporter, announced reduction in guidance for the full year revenue. The company now expects revenue to grow in the range of 6.4% to 8.4% in USD terms in fiscal 2016. Previously, the company had projected a revenue growth of 7.2% to 9.2% in USD terms.

On the other hand, the company has raised revenue growth guidance in rupee terms to 13.1% to 15.1% for financial year 2016 from 11.5% to 13.5% earlier. At the same time, the company has retained revenue growth guidance in constant currency terms to 10% to 12% for fiscal 2016.

The company today reported a better-than-expected growth in consolidated net profit for the quarter ended Sep. 30, 2015. For the quarter ended Sep. 30, 2015, net profit increased 9.8% to Rs 33.98 billion  as compared to Rs 30.96 billion in the same period last year. On sequential basis, the company registered a rise of 12.1% in the net profit.

Revenues for the current quarter increased to Rs 156.35 billion from Rs 133.42 billion for the quarter ended Sep. 30, 2014, representing an increase of 17.2%. On quarter-on-quarter basis, the company  showed an increment of 8.9% in the revenues.

Shares of the company declined Rs 34.5, or 2.95%, to trade at Rs 1,133.35. The total volume of shares traded was 930,509 at the BSE (10.43 a.m., Monday).