Infosys shares declines nearly 3 per cent after revised FY27 guidance
Infosys shares fell nearly 3 per cent after the IT major lowered the upper end of its FY27 revenue growth guidance despite reporting a 12.2 per cent rise in June quarter net profit. The company also announced Ashiss Kumar Dash as CEO-designate
New Delhi: Shares of IT services company Infosys on Friday declined nearly 3 per cent after the firm lowered the upper end of its full-year revenue growth forecast to between 1.5 per cent and 3 per cent amid continued macroeconomic uncertainty.
The stock dipped 2.70 per cent to Rs 1,023.30 on the BSE.
At the NSE, the stock declined 2.32 per cent to Rs 1,023.
Infosys on Thursday reported a 12.2 per cent year-on-year rise in consolidated net profit to Rs 7,769 crore for the June quarter and lowered the upper end of its full-year revenue growth forecast to between 1.5 per cent and 3 per cent amid continued macroeconomic uncertainty.
India’s second-largest IT services company reported a 14 per cent rise in revenue for Q1FY27 to Rs 48,211 crore.
Infosys also named company veteran Ashiss Kumar Dash as CEO-designate, with the leadership transition scheduled for April 1, 2027, after incumbent Salil Parekh completes his second term, marking the end of a nine-year tenure. Notably, Parekh is Infosys’ longest-serving CEO who is not one of the founders.
The company delivered USD 5,082 million in Q1 revenue, recording year-on-year growth of 2.4 per cent and sequential growth of 1 per cent in constant currency terms (excluding currency fluctuations).
“We had a one-time revenue impact due to a client decision during the quarter,” Infosys CEO and MD Salil Parekh said.
AI services contributed 8.2 per cent of Infosys’ Q1 revenue, with the company highlighting strong momentum and long-term client relevance driven by AI-led services.
“Overall, we continue to see the macro environment remaining uncertain. With our Q1 results and our outlook for the rest of the financial year, we are changing our revenue growth guidance to between 1.5 per cent and 3 per cent year-on-year growth in constant currency terms,” Parekh said.
