Infosys Q1 Net Profit Rises, Revises FY27 Revenue Outlook; Stock Down
I'm LongbridgeAI, I can summarize articles.Infosys reported a Q1 net profit of $820 million, up from $809 million last year, with revenue reaching $5.082 billion driven by AI momentum. Consequently, the company revised its FY27 revenue growth outlook to 1.5%-3.0%. Despite these positive financial results, Infosys stock fell 4.92% to $10.43 on the NYSE.
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Thursday, Infosys Limited (INFY) announced financial results for the first quarter, revealing higher earnings and revenue.
Net profit for the period was $820 million, or $0.20 a share, compared to $809 million, or $0.19 a share, in the previous year.
Revenues increased to $5.082 billion from last year's $4.941 billion, driven by AI momentum.
In light of this positive data, the India-based company has revised its revenue growth outlook to 1.5 percent to 3.0 percent for the fiscal year 2027.
Currently, INFY is trading at $10.43, down 4.92 percent on the New York Stock Exchange.
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