IT services major Infosys Ltd. on Thursday cut its full-year revenue growth guidance citing a distinct “stopping or slowing down” in some verticals, after reporting first-quarter net profit rose 10.9% year-on-year to ₹5,945 crore. The technology services provider pared its FY24 revenue growth forecast by at least 300 basis points to 1-3.5%, from 4-7% projected earlier amid an increasingly challenging …
New Delhi: The information technology services sector, valued at $245 billion in FY23 as per industry body Nasscom, may revise its growth guidance in the second half of this fiscal year, pinning their hopes on improving macroeconomic conditions by the end of the year. Most industry experts and analysts expected large-cap IT service providers to report drops in revenue growth, …
