Infosys' American Depositary Receipts fell over 4% in the pre-market after the company reported its June-quarter results and trimmed the upper end of its FY27 revenue growth guidance, raising fresh concerns over demand recovery in the IT services sector.
The stock reaction came even as Infosys reported double-digit growth in rupee revenue and profit. Investors focused more on the company’s cautious outlook, slower constant currency growth and continuing uncertainty in discretionary technology spending.
