India's Infosys falls after cutting revenue growth forecast for fiscal 2027

Infosys (INFY) and TCS (TCS) reported Q2 earnings, with Infosys lowering FY27 revenue growth guidance to 1-2% and TCS maintaining stable margins at 24.0%. Infosys reported $5.2B in large-deal TCV, while TCS recorded $9.6B in deal bookings. Both companies highlighted AI revenue growth, with Infosys at 10.5% of total revenue and TCS at $3.1B annualized. Jefferies noted challenges for both, including Infosys' soft growth outlook and TCS' cost pressures.

Infosys Ltd (market cap: Rs 4,60,919 crore) reported Q2 FY27 revenue growth of 1.2% QoQ, missing estimates. Brokerages like UBS, Nomura, HSBC, Goldman Sachs, and Citi have mixed outlooks, with target prices ranging from Rs 1,000 to Rs 1,415. The company cut FY27 revenue growth guidance to 1-2% YoY, citing demand challenges. Infosys' share price was Rs 1,136, down 1.62% from the previous close, with a 25% negative return over the last year.

Infosys shares dropped 4% after cutting FY27 revenue growth guidance to 1-2% from 1.5-3% due to sluggish client spending. Q2 revenue was ₹49,244 crore, up 1.5% y-o-y, with net profit increasing 6.2%. Goldman Sachs and Citi noted subdued demand and maintained neutral ratings with target prices of ₹1,000 and ₹1,105, respectively.

Infosys (INFY) shares dropped 1.5% after lowering its fiscal 2027 revenue growth forecast to 1%-2% from 1.5%-3.0%, despite strong deal wins and AI business growth. Q2 revenue was $5.15B, up 1.5% YoY, with operating margin stable at 21%. Net profit rose to 78.23B rupees, and an interim dividend of 26 rupees per share was announced.

Infosys (INFY) shares fell 1.5% after lowering its full-year revenue growth forecast to 1%–2% from 1.5%–3%, citing slower project volumes and pricing pressure. UBS cut its price target to ₹1,415 from ₹1,430, maintaining a Buy rating. Q2 revenue growth and EBIT margin missed expectations.

Infosys shares fell up to 4% after reporting Q2 FY27 earnings that missed market expectations. The company reduced its FY27 revenue growth guidance to 1%-2% from 1.5%-3%, citing pricing pressure and subdued tech spending. Despite a 6.2% YoY net profit increase, concerns over near-term growth prospects weighed on the stock.