BusinessPhoto: Mint MarketsInfosys ADRs Drop 7.5% After Lowering Annual Revenue Forecast
Infosys ADRs fell 7.5% to $12.25 in pre-market trading on October 23 after the company lowered its annual revenue growth forecast for fiscal year ending March 2027 to 1%-2%, down from 1.5%-3%. Despite slightly beating September quarter revenue estimates, the weaker outlook reflects ongoing IT spending cuts amid global uncertainty and competition from AI firms like Anthropic and OpenAI.
Mint Markets··Bengaluru




