Infosys had expected technology spending to recover in the second half of FY27, but the improvement is proving more uneven than anticipated, chief executive Salil Parekh said, as the IT services company cut its revenue growth guidance for the year.
“We had a sense that the macro was settling down, so we had a guidance where the upper end looked at maybe things would settle down in the second half. Things are a little bit more uneven,” Parekh said during the post-results press conference.
