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Infosys shares fall on lowered revenue growth guidance

Investing.com · ·by G4L

INFY Infosys Ltd ADR
$12.39 -0.88%
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  1. 1Infosys lowered its FY2027 constant currency revenue growth guidance from 1.5%-3.0% to 1%-2%.
  2. 2Infosys secured large deals with a total contract value of $5.2 billion during the quarter.
  3. 3CEO Salil Parekh stated that AI-related service revenue accounted for 10.5% of total revenue, growing 29% compared to the previous quarter.

So what's the key point?

Infosys lowered its expected revenue growth from 1.5%-3.0% to 1%-2%. Although the company secured large deals and AI service revenue grew to 10.5% of total revenue, the stock price fell.

Source Investing.com · View original ↗

Related 3-line summaries

Infosys Secures $2 billion New Mega Deal Amid AI Revenue Growth The Motley Fool +1 · Oct 26Infosys misses both Q2 profit and revenue estimates Associated Press · Oct 23Infosys US-listed shares plunge as annual revenue growth guidance is lowered Investing.com +2 · Oct 23
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