Reported 14 days ago
Infosys, along with Wipro and LTIMindtree, has reported quarterly revenues that exceeded estimates, signaling a recovery in demand as clients increasingly invest in AI projects. Infosys now anticipates its full-year revenue growth to be 2-3%, an improvement from its earlier forecast, driven by strong deal bookings and a shift towards automation and AI in various industries. Analysts believe this trend indicates an overall stabilization in the IT sector, particularly benefitting from increased spending in financial services.
Source: YAHOO