Infosys Reports 6% Rise in Q2 Net Profit, Lowers FY27 Revenue Outlook

IT services major Infosys Ltd on Friday posted a 6% year-on-year growth in its consolidated net profit, reaching Rs 7,823 crore for the second quarter. The firm earned a net profit of Rs 7,364 crore during the same period last year.

Guidance Cut

Alongside the profit numbers, the company lowered its revenue growth guidance. Infosys now expects revenue to grow by 1 to 2% in constant currency for the financial year 27, down from its earlier forecast of 1.5 to 3%.

Context

Quarterly earnings reports from major IT firms offer key clues about the health of the technology sector and overall corporate spending. Changes in revenue forecasts often reflect shifting demand in global markets.