India's Infosys misses fourth-quarter revenue estimates
ReutersApr 17, 2025 11:00 AM
BENGALURU, April 17 (Reuters) - Infosys INFY.NS on Thursday projected weak revenue growth for the fiscal year as ongoing softness in North America underscored tighter client budgets.
India's second-largest firm said it expects revenue for the fiscal 2026 to grow of 0%-3%, below analysts' expectations of a forecast of of 2-4%. Last year too, Infosys forecast downbeat revenue growth, which it upgraded during the year.
Revenue for the reported quarter rose 7.9% to 409.25 billion rupees ($4.79 billion)(USD) year-on-year, missing analyst estimates of 420.73 billion rupees, per data compiled by LSEG.
($1 = 85.3630 Indian rupees)
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