Outsourcing phenom Infosys Technologies posted mixed third quarter results, causing its stock valuations to drop by some 5.6 percent midday Friday. It also reignited speculation that the Indian-based conglomerate’s fortunes may be too closely linked to the U.S. economy. For the quarter, Infosys posted earnings of 52 US cents a share, topping analyst estimates by a penny. Revenues, though, rose 32 percent from year ago to $1.08 billion, falling short of estimates of $1.09 billion.

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Posted: 01|1|70 at 8:00 am. Filed under: eCommerce.