Infosys Cuts Revenue Forecast as IT Service Demand Remains Muted
Guidance·1 article across 1 outlet
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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.
The company is responding to a challenging market environment that has led to reduced demand for IT services.
Infosys
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“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.”
Bloomberg — Infosys Cuts Revenue Forecast as IT Service Demand Remains Muted