Infosys March and June Quarter Revenue Short of Expectations. Shares are Down 18%.

Infosys March and June Quarter Revenue Short of Expectations. Shares are Down 18%.

Infosys March and June Quarter Revenue Short of Expectations. Shares are Down 18%.

Posted: 11 Apr 2013 11:12 PM PDT

Infosys reported its March quarter results before the market opened.  Revenue was $1.94 billion vs. Street expectations of $1.99 billion.  Revenue growth was 1.4% quarter over quarter and 9.4% year over year.  Earnings per American Depositary Share was $0.78 vs. the Street at $0.74.   While earnings beat expectations it was only an increase of 2.6% quarter over quarter and a decline of 3.7% year over year.

Berlusconi open to talks on leftist president: report

Posted: 11 Apr 2013 10:53 PM PDT

MILAN (Reuters) - Italy's Silvio Berlusconi offered on Friday to support a center-left politician for president in an upcoming election but stuck to his demand in return for a grand coalition in which he would share power.

Kerry lands in S Korea to kick off Asia tour

Posted: 11 Apr 2013 10:47 PM PDT

Top US diplomat John Kerry embarks on three-day trip as Washington presses China to send "tough" message to North Korea.

VIDEO: Malawi accuses Madonna of 'bullying'

Posted: 11 Apr 2013 08:32 AM PDT

Malawi has accused US singer Madonna of "bullying state officials" after she reportedly complained about her treatment on a visit to the country

VIDEO: Is this a country preparing for war?

Posted: 11 Apr 2013 02:47 PM PDT

North Korea has once again ramped up its warlike rhetoric as it threatens to launch an attack on enemy strongholds.

VIDEO: Tornado sweeps across Mississippi

Posted: 11 Apr 2013 08:31 PM PDT

A huge tornado has swept across the US state of Mississippi, destroying homes and causing power cuts.

VIDEO: Clashes in Chile over free education

Posted: 11 Apr 2013 10:37 PM PDT

The students and their families were taking part in a massive nationwide demonstration, demanding free and quality education for all.

VIDEO: Venezuela election campaigning ends

Posted: 11 Apr 2013 10:27 PM PDT

Campaigning has ended in Venezuela ahead of this weekend's presidential election - the first vote in almost 20 years in which Hugo Chavez will not be a candidate.

VIDEO: Tour guide wrestles 10ft deadly python

Posted: 11 Apr 2013 06:42 PM PDT

The heroics were captured on video as holidaymakers watched Tommy Owen tackle one of southwest Florida's most dangerous species, the Burma python.

VIDEO: 'Horsemeat was mixed with beef'

Posted: 11 Apr 2013 10:40 PM PDT

A lawyer, representing the owner of the Dutch meat processing plant accused of fraudulently selling horsemeat as beef, has told the BBC his client did mix horse with beef, but only when dealing with specific orders to combine the two products.

VIDEO: French politicians to declare assets

Posted: 11 Apr 2013 10:53 PM PDT

President Hollande has announced plans for a new law to clean up French politics and has given cabinet members until Monday to declare their assets.

VIDEO: Dancing lotto winner mistakes C$40m jackpot

Posted: 11 Apr 2013 07:08 PM PDT

A woman in Toronto who originally thought she had won 40,000 Canadian dollars danced for joy when she was presented with her actual lottery winnings of CDN $40m.

Price surge for tomatoes has Brazilians up in arms

Posted: 11 Apr 2013 10:51 PM PDT

A woman shops for tomatoes with her daughter at a supermarket in Rio de Janeiro, Brazil, Thursday, April 11, 2013. A longer-than-usual rainy season, high fuel prices and superheated demand have combined to send prices for the beloved vegetable soaring, and consumers are seeing red. (AP Photo/Felipe Dana)RIO DE JANEIRO (AP) — The tomato has long been a near-obligatory garnishing for just about any Brazilian dish, yet it's becoming the country's apple of discord.

California Lottery Believes in Powerball---Despite Odds and Taxes

Posted: 11 Apr 2013 10:31 PM PDT

Californians won over $2.5 billion in lottery money last year, but courtesy of a unanimous vote of California's Lottery Commission, we now have Powerball too. With six of the 10 biggest jackpots in the country, Powerball super-sizes the Golden State.  Forget SuperLotto Plus and Mega Millions. A $2 Powerball ticket competes for $40 million, an amount going up $10 million for each drawing without a winner. See Powerball added to California lottery lineup.

VIDEO: Row in Sydney over rainbow crossing

Posted: 11 Apr 2013 06:29 AM PDT

A row has erupted in the Australian city of Sydney after the authorities tore up a road crossing that had been painted in rainbow stripes for the annual gay parade

VIDEO: Uruguay gay vote sparks celebrations

Posted: 11 Apr 2013 09:42 AM PDT

The Uruguayan Congress has voted overwhelmingly to legalise gay marriage in the country, sparking scenes of celebration in Parliament.

VIDEO: Urban art meets industrial chic

Posted: 11 Apr 2013 10:42 AM PDT

A former steel plant in Volklinger now used as a venue for major cultural events is playing host to a number of works by famous street artists for Germany's Urban Art Biennial.

VIDEO: A musical journey through Mumbai

Posted: 11 Apr 2013 09:01 AM PDT

British Asian musician Talvin Singh takes the BBC on a musical journey inspired by the bustling streets of Mumbai.

VIDEO: Stuck on world's fastest zip line

Posted: 11 Apr 2013 01:25 AM PDT

The BBC's Joanne Whalley found herself stuck in mid-air when she went to report on a new zip wire ride that has opened in Wales

Gem Heists Dull Antwerp's Sparkle

Posted: 11 Apr 2013 10:06 PM PDT

A daring heist of tens of millions of dollars of rough and cut diamonds at nearby Brussels Airport in February was the latest in a string of robberies and kidnappings that have targeted Antwerp's diamond business.

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