Infosys Cuts Forecast as AI Spending Shift Deepens North America Slowdown

Infosys cuts FY27 growth guidance to 1–2% amid weak demand environment

The IT giant has cut its FY27 revenue growth guidance to 1-2 per cent in constant currency terms, down from last quarter’s 1.5-3 per cent CC growth guidance.

Infosys ADRs plunge 7.5% in pre-market after company trims annual revenue growth forecast

Shares of Infosys fell in US pre-market trading after it reduced its revenue growth forecast, raising concerns about weak demand for major technology projects and AI-driven competition. 

Infosys Lowers Sales Forecast After Companies Curb IT Spending

Infosys Ltd. lowered its annual sales forecast in a sign companies continue to curb spending on major information technology projects.

Infosys cuts forecast as AI spending shift deepens North America slowdown

BENGALURU, Oct 23 Reuters) - Infosys cut its annual revenue growth forecast on Friday as weakness in its key North American market deepened, underscoring how AI is disrupting the traditional IT services industry. The news sent US-listed shares of India's No. 2 IT firm down 7.5 per cent in premarket trading.