Infosys Shares Drop 5% After Q2 Earnings Report

Infosys posted lower-than-expected Q2 revenue, missing market estimates.

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The company slashed its revenue growth forecast for FY24 to 1-2.5%, citing a weaker demand environment.

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Infosys is experiencing slower growth in its financial services and retail sectors.

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Infosys pointed to macroeconomic factors like inflation and slowing economies in major markets, affecting its growth projections.

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Following the earnings report and guidance cut, Infosys' share price plunged 5%.

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What's Next for Infosys?

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Infosys Shares Drop 5% After Q2 Earnings Report

Infosys posted lower-than-expected Q2 revenue, missing market estimates.

Infosys Q2 Numbers Disappoint

The company slashed its revenue growth forecast for FY24 to 1-2.5%, citing a weaker demand environment.

Revenue Guidance Cut

This was down from its earlier guidance of 1-3.5%.

Infosys is experiencing slower growth in its financial services and retail sectors.

Challenges Faced

The reduced demand in these areas has contributed to the company's lower revenue forecast.

Infosys pointed to macroeconomic factors like inflation and slowing economies in major markets, affecting its growth projections.

Global Economic Uncertainty

Following the earnings report and guidance cut, Infosys' share price plunged 5%.

Market Reacts to Disappointing Outlook

It reflected investor concerns about the company's future growth prospects.

What's Next for Infosys?

The Q2 results and guidance revision have shaken investor confidence.

Infosys remains committed to long-term growth by strategically investing in digital and cloud services.