Infosys ' fourth-quarter numbers are far below expectations. The stock tanked more than 21%, dragging benchmark indices down with it. It added a mere $28 million in revenue for the quarter, almost all from Lodestone, the Swiss consultancy firm it bought in 2012 for $350 million. About its numbers, brokerage JP Morgan had only this to say, "Disappointing on all counts." Infosys had predicted dollar revenues to grow by 5%; they grew a miserable 1.4% quarter-on-quarter. What is more worrying, most of the growth in revenue came from rising onshore volumes, a result of the Lodestone acquisition. Offshore volume growth was negligible. Analysts had expected Infosys' margins to contract: JP Morgan by one percentage point. Actually, margins are down 2.1%. Most of the contraction, it can be assumed, has come from deep price cuts forced by competition. By the company's own reckoning, the future looks bleak.