#infosys
Infosys cuts its own forecast again, and the market takes 4% off the stock
Infosys cut its FY27 constant-currency revenue growth guidance to 1-2% from 1.5-3% after a soft September quarter in which net profit rose 6.2% to Rs 7,823 crore. The stock fell as much as 4% on Monday and is down more than 30% this year, even as large-deal wins hit $5.2 billion.
Infosys profit rises 6% but FY27 outlook cut sends ADRs down 8%
Infosys reported a 6% year-on-year rise in Q2 net profit to ₹7,823 crore, but lowered its FY27 revenue growth guidance, citing subdued volumes and pricing pressure. Its US-listed ADRs fell about 8% in pre-market trade.
Infosys profit rises to Rs 7,823 crore, trims FY27 revenue forecast
Infosys reported a net profit of Rs 7,823 crore for the September quarter, up 6.2% from a year earlier, on revenue of Rs 49,244 crore. The IT major trimmed its FY27 constant-currency revenue growth guidance to 1-2% and declared an interim dividend of Rs 26 a share.