Shares of IT services company <a href="https://www.mid-day.com/business/business-news/article/infosys-q4-profit-jumps-20-8-per-cent-to-rs-8-501-crore-revenue-up-to-rs-46402-crore-23627154" target="_blank" rel="none noopener">Infosys </a>on Friday declined nearly 3 per cent after the firm tempered the upper end of its full-year revenue forecast to between 1.5 per cent and 3 per cent amid continued macroeconomic uncertainty.
The stock dipped 2.70 per cent to Rs 1,023.30 on the BSE. At the NSE, the stock declined 2.32 per cent to Rs 1,023.
<a href="https://www.mid-day.com/news/india-news/article/tcs-nashik-conversion-case-nasscom-calls-incident-isolated-infosys-denies-pune-harassment-claims-23626001" target="_blank" rel="none noopener">Infosys</a> on Thursday reported a 12.2 per cent year-on-year rise in consolidated net profit to Rs 7,769 crore for the June quarter, and tempered the upper end of its full-year revenue forecast to between 1.5 per cent and 3 per cent amid continued macroeconomic uncertainty.
India's second largest IT services company saw revenue for <a href="https://www.mid-day.com/business/business-news/article/cipla-q1fy27-net-profit-declines-39-per-cent-to-rs-78555-crore-23641246" target="_blank" rel="none noopener">Q1FY27</a> rise 14 per cent to Rs 48,211 crore.
Infosys also named company veteran Ashiss Kumar Dash as CEO-designate, with the leadership transition scheduled for April 1, 2027, after incumbent Salil Parekh completes his second term, marking the end of a nine-year tenure. Notably for Infosys, Parekh is its longest-serving CEO who is not one of the founders.
The company delivered USD 5,082 million in Q1 revenues, year-on-year growth of 2.4 per cent and sequential growth of 1 per cent in constant currency (neutralising currency impact).
"We had a one-time revenue impact of a client decision during the quarter," Infosys CEO and MD Salil Parekh said.
AI services contributed 8.2 per cent of Infosys' Q1 revenue, with the company highlighting strong momentum and long-term client relevance driven by AI-led services.
"Overall, we continue to see the macro environment remaining uncertain. With our Q1 results and a view for the rest of the financial year, we are changing our revenue growth guidance to 1.5 per cent and 3 per cent year-on-year growth in constant currency terms," Parekh said.
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The shares declined  2.70 per cent to Rs 1,023.30 on the BSE, while on the NSE it was down 2.32 per cent to Rs 1,023

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The stock dipped 2.70 per cent to Rs 1,023.30 on the BSE. At the NSE, the stock declined 2.32 per cent to Rs 1,023

Infosys shares decline nearly 3 per cent on revised revenue forecast

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