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Fly News Breaks for April 13, 2017
INFY
Apr 13, 2017 | 13:08 EDT
As previously reported, William Blair downgraded Infosys to Underperform from Market Perform following the earnings report. Analyst Anil Doradla believes the core business will continue to be challenged due to commoditized solutions, margins will be pressured from legacy solutions that are facing pricing pressures, and questions the effectiveness of management's strategic direction and lack of focus on a total capital return strategy.
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