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Infosys Stock Dips on Weak FY27 Revenue Outlook
24 Apr
Summary
- Infosys shares fell up to 3.3% on Friday.
- Company forecasts weaker-than-expected fiscal 2027 revenue growth.
- AI spending caution and macro uncertainty impact sector demand.
As of Friday, April 24, 2026, Infosys shares saw a notable decline, falling as much as 3.3%. The IT giant's stock was trading 1.9% lower by mid-morning IST, making it the second-largest laggard on the Nifty IT index.
This downturn follows Infosys's forecast for fiscal year 2027 revenue growth, which fell short of market expectations. Concerns are mounting over the broader IT sector's demand recovery, influenced by a cautious approach to Artificial Intelligence-driven spending amid prevailing macroeconomic uncertainties.
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