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At least four analysts downgraded Infosys on Oct. 27 following the company's reduction of its FY27 constant currency revenue growth forecast to 1% to 2%, with second-quarter revenue of $5.15 billion missing estimates of $5.19 billion.
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Key sources
- SOURCE@wallstengine“Revenue: $5.15B (Est. $5.19B)”x.com
- SOURCE@business“Infosys was downgraded by at least four analysts in a single day”x.com
- SUPPORT@business“Infosys lowered its annual sales forecast in a sign companies continue to curb spending on major information technology projects”x.com
- SOURCE@openoutcrier“$INFY (-7.7% pre) Infosys’ U.S. shares tumble after revenue outlook cut”x.com
- SOURCEhuggingnewshuggingnews.com