Infosys Raises Full-Year Revenue Forecast as Large Deals Pick Up
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Infosys has raised its full-year revenue growth forecast to 3%-3.5% for the fiscal year ending March 2026, up from 2%-3%, indicating a potential recovery in global IT spending. This adjustment is attributed to increased large deal activity and stronger performance in sectors like financial services and energy. Despite a 2.3% decline in net income to 66.54 billion rupees, revenue rose 8.9% to 454.79 billion rupees. The company is focusing on AI and cloud services, with 90% of its top clients engaged in AI projects, and is open to acquisitions to enhance its AI capabilities.
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