IT major Infosys adjusted its annual revenue forecast on Thursday, following a quarterly profit that fell below expectations.
Consolidated net profit fell 7.3 per cent to ₹6,106 crore in the seasonally weak third quarter from a year earlier. Analysts, on average, expected a profit of ₹6,167, as per LSEG data.
Infosys revised its revenue growth forecast for a third consecutive quarter to 1.5 per cent-2 per cent on a constant currency basis for the full year from 1-2.5 per cent previously.
“Our performance in the third quarter was resilient. Large deal wins were strong at USD 3.2 billion, with 71 per cent of this as net new, reflecting the relevance and strength of our portfolio of offerings ranging from generative AI, digital and cloud to cost, efficiency, and automation. This is the highest deal win in the nine quarters that the company has ever had,” Infosys CEO and MD Salil Parekh said.
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