Infosys cuts FY27 guide midpoint by a third; AI up 29% QoQ implies non-AI revenue slightly shrank
Infosys (INFY) reported Q2 today and cut its FY27 growth guide to 1-2% from 1.5-3%. The ADRs fell as much as 8%.
The midpoint drops a third, to 1.5% from 2.25%. AI revenue grew 29% in the quarter to 10.5% of sales. Back that out and everything else shrank about 0.3%. AI is growing but not replacing the old work yet.
https://x.com/REDBOXINDIA/status/2113635837279871075
Sources: @REDBOXINDIA: INFY Q2 revenue 492.44B rupees vs 482B QoQ, net profit 78.23B vs est 79.17B · @wallstengine: INFY Q2 AI share of revenue 10.5%, AI revenue grew 29% QoQ, FY27 guide 1-2% CC · @InvestorOfJAMMU: Infosys ADR down 8% in pre-market open
Not financial advice. For informational and educational purposes only.
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