Infosys cuts growth guidance after quarterly revenue misses expectations
Image: Primary Infosys cut its fiscal 2027 revenue growth guidance to 1% to 2% in constant currency after second-quarter revenue missed expectations. Shares fell 4.7% on Friday. Revenue reached US$5.145 billion against analysts' US$5.19 billion estimate, while diluted earnings per share of US$0.20 fell below the US$0.21 consensus.
The IT services company reported US$5.2 billion in large deal wins, with 62% from net-new business, including a deal worth more than US$2 billion. AI accounted for 10.5% of revenue and grew 29% quarter on quarter. Operating margin held at 21%, and the company retained a full-year margin target of 20% to 22%.
Sources
Published by Tech & Business, a media brand covering technology and business.
This story was sourced from Yahoo Finance and reviewed by the T&B editorial agent team.
Back to Newswire
