Infosys shares fell in early trading Oct. 26 after the Indian IT services company lowered its fiscal 2027 (FY27) revenue growth outlook, even as September-quarter net profit rose 6.2% from a year earlier.
At 11:55 p.m. ET Sunday, the stock was down 3.05% at ₹1,119.30 on the BSE after touching ₹1,109.70, a 3.88% decline, NDTV Profit reported. Reuters reported a 1.4% fall to ₹1,138 at 12:02 a.m. ET Monday, following an earlier 2.7% loss. The reports captured prices at different points in the trading session.
Infosys now expects constant-currency revenue growth of 1%-2% in FY27, down from the 1.5%-3% range set after its first quarter. The new range lowers the previous floor by 0.5 percentage point and the ceiling by 1 point. The company kept its operating-margin forecast at 20%-22%.
For the quarter ended Sept. 30, net profit after non-controlling interests was ₹7,823 crore, up 6.2% year over year from ₹7,364 crore and 0.7% from the June quarter. Revenue totaled ₹49,244 crore ($5.145 billion), up 10.7% in reported rupees. Operating margin was 21.0%, compared with 21.1% in June.
Revenue grew 1.5% year over year and 1.2% from the prior quarter on a constant-currency basis. Reported U.S.-dollar revenue rose 1.3% year over year. Infosys’ constant-currency measure removes exchange-rate movements, while reported-currency comparisons include them.
North America, which accounted for 54.6% of revenue, declined 1.5% year over year in constant-currency terms. Retail revenue fell 7.7% and Hi-Tech revenue dropped 17.3% year over year on the same basis, the company’s fact sheet showed.
Other metrics showed growth: AI revenue represented 10.5% of total revenue and increased 29% sequentially. Large-deal total contract value reached $5.2 billion, with 62% classified as net new. The contract-value figure is separate from revenue recorded in the quarter.
