Infosys shares dip as lower growth outlook offsets strong deal wins

Infosys (NSE:INFY) shares fell on Monday after India's second-largest IT services company lowered its annual revenue growth forecast, offsetting strong large deal wins and growth in artificial intelligence-related business.

The company, which reported results on Friday, cut its fiscal 2027 constant-currency revenue growth guidance to 1%-2% from 1.5%-3.0%, while retaining its operating margin forecast at 20%-22%.

NSE-listed Infosys shares fell 1.5% to 1,137.0 rupees by 10:53 IST.

Infosys reported second-quarter revenue of $5.15 billion for the three months ended September, up 1.5% year-on-year and 1.2% sequentially in constant-currency terms. Operating margin remained stable at 21%.

The Bengaluru-based company secured large deals with a total contract value of $5.2 billion during the quarter, of which 62% was net new business. Revenue from AI-related services accounted for 10.5% of total revenue and grew 29% sequentially, Chief Executive Salil Parekh said.

Net profit rose to 78.23 billion rupees from 73.64 billion rupees a year earlier.

Infosys also announced an interim dividend of 26 rupees per share, up 13% from a year earlier.