Infosys, an India-based IT outsourcer, cut its constant-currency revenue growth forecast to 1% to 2% for the year through March 2027, as clients cut spending on large IT projects.

The new forecast is below the 1.5% to 3% range it gave in July and adds to signs of a broader slowdown in India’s software services sector.

For the quarter through September, Infosys reported net income of 78.2 billion rupees (US$825 million), slightly below analysts’ average estimate of 79 billion rupees (US$833 million).

Earlier coverage also highlighted sector weakness, including Wipro’s weak forecast and expectations that a demand slowdown would weigh on IT services firms’ first-quarter results.

Separately, Infosys previously disclosed large-deal total contract value of US$4.5 billion in Q4 FY24 and US$17.7 billion for FY24. Those historical figures do not show current deal momentum.

🔗 Source: Bloomberg

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