Infosys lifts revenue outlook after beating Q3 estimates
Infosys beat revenue expectations for the December quarter and raised its full-year forecast as demand from financial services clients improved, the Indian IT major said on Wednesday.
Revenue rose 8.9% year-on-year to 454.79 billion rupees ($5.04 billion), above analyst estimates of 452.27 billion rupees, according to LSEG data. The company now expects fiscal 2026 growth of 3%-3.5%, up from 2%-3%, News.Az reports, citing Reuters.
Infosys said financial services revenue grew 3.9%, while communications led with 9.9% growth. The group also secured AI-focused contracts from Adobe and Siemens and ended the quarter with $4.8 billion in large deal bookings, up from $3.1 billion in the previous quarter.
Net profit fell 2.2% to 66.54 billion rupees due to a one-time 12.89 billion rupee charge linked to new labor codes enacted in November.
Peers TCS and HCLTech also topped revenue estimates this week, supported by AI-led IT spending.
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