Infosys lowers revenue guidance citing softer demand in North America
1 report, 1 independent
Updated Wed 00:00
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What happened
Infosys reduced its full-year constant-currency revenue growth guidance to 1%-2% on October 23, 2026. The company cited softer demand in North America, cautious client technology spending, and lower discretionary project volumes as reasons for the reduction. Increased competitive pricing pressure and client expectations for AI-driven productivity benefits also weighed on the growth outlook.
From pr-inside.com
Why it matters
The guidance cut reflects challenges in the technology services sector due to reduced client spending and market demand. Following the announcement, Infosys's stock price dropped 6.58% on October 23, 2026.
From pr-inside.com
Who's involved
- InfosysIndian multinational technology company that lowered its revenue growth guidance
- North AmericaMarket where Infosys reported softer demand
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The entities involved
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Infosys
Indian multinational technology company
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North America
continent in the Americas