Infosys Forecasts Low Growth Amid AI Shift
The Indian software giant expects annual revenue growth between 1.5% and 3.5% as clients pause projects to assess AI tools. This outlook follows a sector-wide slowdown in discretionary tech spending.
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INFOSYS LTD has issued a revenue growth forecast that fell short of market expectations, sparking concerns over the stability of tech spending as artificial intelligence disrupts traditional IT service models. The company's U.S.-listed shares dropped 6% following the announcement, reflecting broader anxieties within the $315 billion IT sector in India.
