BusinessPhoto: Mint CompaniesInfosys Beats Q2 Revenue Estimates, Lowers Annual Growth Forecast
Infosys reported a 10.7% rise in Q2 revenue to 492.44 billion rupees, slightly above analyst estimates. However, the company lowered its annual revenue growth forecast for fiscal 2027 to 1%-2%, down from 1.5%-3%. The rise of AI is reshaping the Indian IT industry, impacting traditional revenue models despite new AI-driven streams. Demand from energy and utility clients improved in the quarter.
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