Infosys Cuts Forecast on AI Shift
Infosys lowered its annual revenue growth forecast as a deepening slowdown in North America highlights how artificial intelligence spending shifts are disrupting traditional IT services. US-listed shares fell following the weaker guidance.
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INFOSYS LTD-SP ADR cut its fiscal 2027 revenue growth forecast to 1%-2% on Friday as North American tech spending shifted toward artificial intelligence. US-listed shares of India's second-largest IT services provider fell 7.5% in premarket trading.
