Infosys trims revenue forecast as profits exceed expectations.

Infosys raises growth forecast after Q3 beats expectations

Q3 highlights

• Net profit rose 8.6 % YoY to 69.2 billion rupees ($801 million)
• Revenue climbed 7.5 % YoY to 422.8 billion rupees
• Large deal wins of $3.8 billion underscored strong client ties

Revenue outlook

• Infosys now forecasts constant‑currency revenue growth of 1 %‑3 % for the fiscal year
• Earlier guidance had suggested flat or up to 3 % growth
• The firm derives >80 % of its earnings from Western markets

Profit gains

• On‑year net profit hit 69.2 billion rupees, surpassing analyst average of 67.78 billion
• YoY profit jump 8.6 % reflects robust enterprise AI capabilities

CEO remarks

• CEO Salil Parekh attributed performance partly to enterprise AI strength
• Praised “distinct competitive positioning and deep client relationships” behind $3.8 billion deal wins

Industry context

• Broader Indian IT sector faces gloomy outlook; $283 billion market still under pressure
• Major rival TCS reported disappointing quarterly numbers earlier this month
• Trade tensions, especially U.S. tariff disruptions, make companies hesitant to invest in big tech projects