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Companies

India's Infosys misses profit expectations as costs surge

Operating margins for June quarter was 20.1%, down 3.6%

A man walks past a billboard of Infosys office in Bangalore, India.   © Reuters

BENGALURU (Reuters) -- India's Infosys on Sunday reported June-quarter profit that missed estimates, hurt by higher employee expenses, but the IT services company raised its annual revenue outlook, citing a strong demand outlook.

The Bengaluru-based company expects revenue growth of 14%-16% for the financial year to March, slightly up from its view of 13%-15% forecast in April.

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