Infosys, the country's second largest software exporter, projects 10%-12% growth in revenues in constant currency terms for the fiscal year 2016. On the other hand, the company expects full year revenue to grow in the range of 8.4% to 10.4% in INR terms.

The company has reported fourth quarter results today that missed analysts' estimates. During the quarter, profit increased 3.51% to Rs 30.97 billion for the quarter ended Mar. 31, 2015 as compared to Rs 29.92 billion in the same period last year. On quarter on quarter basis, it posted a fall of 4.71% in the net profit.

Revenues has increased to Rs 134.11 billion for the quarter ended Mar. 31, 2015 from Rs 128.75 billion for the quarter ended Mar. 31, 2014, representing an increase of 4.2%. On quarter on quarter basis, it posted a fall of 2.79% in the revenues.

Analysts had expected net profit in the range of Rs 31.20 billion to 32.30 billion. On the other hand, revenues were expected in the range of Rs 138 billion to Rs 139 billion.

Shares of the company declined Rs 127.35, or 6%, to trade at Rs 1,995.20. The total volume of shares traded was 1,515,698 at the BSE (3.29 p.m., Friday).