Infosys Cuts Annual Revenue Growth Guidance; ADR Falls 6%
Infosys lowered its annual revenue growth forecast as its ADR fell 6% in pre-market trading. Quarterly revenue marginally beat estimates, with demand from energy and utility clients picking up.
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12:16:56 PM UTC
SquawkNews
Infosys has lowered its full-year revenue growth guidance for FY27 to 1—2% from the earlier projection of 1.5—3%, citing continued uncertainty, softer volumes, pricing pressure and weakness in certain sectors. The Bengaluru-based IT services provider has maintained its EBIT margin guidance at 20—22…
American Depository Receipt (ADR) for Infosys fell 6 percent in pre-market today, October 23, after IT major trimmed its annual revenue growth forecast despite marginally beating estimates for quarterly revenue after demand from its energy and utility clients picked up.In the quarterly earnings rep…