Infosys Cuts FY27 Revenue Growth Forecast Despite $5.2B in Q2 Deal Wins
Infosys narrowed its FY27 revenue growth guidance despite $5.2 billion in Q2 deal wins. Net profit missed analyst estimates, and its US-listed shares fell.
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04:14:54 AM UTC
SquawkNews
Our Bureau Bengaluru: IT services major Infosys projected a weaker fiscal year outlook as it marginally missed analyst estimates for the second quarter of FY27 reporting a 6.2% year-on-year (YoY) growth in net profit at 7,823 crore. On a quarter on quarter basis profit growth was meagre at 0.7%. At…
Revenue growth guidance narrowed to 1 to 2 per cent despite USD 5.2 billion in Q2 deal wins; net profit misses analyst estimates as US-listed shares fallInfosys cut its FY27 revenue growth forecast on Friday as weakness in its largest market, North America, weighed on its outlook, despite stronger…