Infosys Shares Slip as Revenue Forecast Lags Expectations

Infosys stock tumbled nearly 4% on Friday after its FY27 revenue growth forecast underwhelmed market expectations. This resulted in the stock hitting a 52-week low at Rs 1,193.90 on the BSE, marking a significant valuation drop of Rs 19,503.61 crore.

The company's financial report revealed a 20.8% increase in net profit to Rs 8,501 crore in Q4 FY26. However, the anticipated revenue growth rate of 1.5-3.5% for FY27 did not align with analyst expectations, attributing the forecast to a stabilizing economic environment affected by geopolitical issues.

Infosys CEO Salil Parekh emphasized large opportunities in AI and financial services, despite external pressures, projecting that client resilience in robust markets could support future growth. The company's revenue growth is seen as a strategic move towards sustaining momentum amid shifting economic landscapes.

(With inputs from agencies.)