News

INFY's Q1 fiscal 2027 earnings and revenues miss estimates as soft volumes and a client exit offset growth and rising AI sales.

Investing.com -- Infosys drew fresh analyst downgrades from JPMorgan and HSBC after its first-quarter earnings missed expectations, management cut its fiscal 2027 revenue growth guidance for a second consecutive quarter, and announced a CEO transition, reinforcing concerns over slowing business momentum.

July 24 (Reuters) - Indian shares opened lower on Friday, pressured by the rise in Brent crude to above $100 per barrel as the Middle East crisis escalates, while a slide in IT company Infosys and

(Bloomberg) -- Infosys Ltd. cut the upper end of its sales growth outlook as global clients slow down technology spending at a time of elevated interest rates and geopolitical conflicts.Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyAlphabet’s $205 Billion Spending Target Fuels

BENGALURU, July 23 (Reuters) - Infosys reported lower-than-expected quarterly revenue on Thursday as India's second-largest IT firm's clients held back spending as artificial intelligence tools

(Bloomberg) -- Shares of software and IT services companies plunged Tuesday after International Business Machines Corp. reported preliminary results that missed analyst expectations, reigniting questions over the sector’s prospects.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkDisney Exiting Streaming Could Spur 40% Rally: Wells FargoO

BENGALURU, June 19 (Reuters) - India's Nifty IT index slumped 5.8% on Friday after industry bellwether Accenture forecast quarterly ​sales below Wall Street view and lowered the upper end of its

Consulting giant forecasts $17.75 billion to $18.4 billion in quarterly revenue as bookings decline 2%.

Consultancy firm Accenture said on ‌Thursday it will ‌buy a majority stake ​in Dragos and fully acquire runZero and NetRise in a ‌combined deal ⁠valued at $4.18 billion. Shares of the ⁠Dublin, Ireland-based company fell about 5% ​in premarket ​trading. Separately, ​the company ‌also cut the top end of its annual revenue forecast.

By Vivek Kumar M and Abhirami G June 3 (Reuters) - India's information technology stocks were headed for their worst day in four months on Wednesday as renewed concerns that artificial intelligence

India's information technology stocks ‌were headed for ‌their biggest single-day drop ​in over four months on Wednesday as investors assessed the ‌impact ⁠of AI on demand for traditional ⁠software services. The IT index was ​down 5.8% ​at ​29,310.25 points. If ‌losses hold, this would be its worst day since February 4.

May 12 (Reuters) - India's Nifty IT index tumbled 3.6% on Tuesday to its lowest level since May 2023, as a weak earnings outlook and fears of slowing demand for traditional IT services rattled