Business & Finance
Infosys Cuts Revenue Forecast as IT Service Demand Remains Muted
Key Points
Infosys Cuts Revenue Forecast as IT Service Demand Remains Muted Infosys Ltd. cut the upper end of its sales growth outlook as global clients slow down technology spending at a time of elevated interest rates and geopolitical conflicts. India’s second-largest outsourcer said revenue will grow 1.5% to 3% in the fiscal year through March 2027 on a constant currency basis. In April, it had guided for 1.5% to 3.5% growth.
Infosys Cuts Revenue Forecast as IT Service Demand Remains Muted
Infosys Ltd. cut the upper end of its sales growth outlook as global clients slow down technology spending at a time of elevated interest rates and geopolitical conflicts.
India’s second-largest outsourcer said revenue will grow 1.5% to 3% in the fiscal year through March 2027 on a constant currency basis. In April, it had guided for 1.5% to 3.5% growth. Analysts were forecasting 3.4% on average.