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Results▼ Bearish for Infosys
IT Q2 Preview: Infosys, Other Large Caps May Cut Guidance As AI Deflation Bites, Mid-Caps To Buck The Trend
The brief
- Citi expects near-term weakness to persist for large-cap IT firms and flagged margins as a key focus
- Currency benefits are expected to be more limited in September-quarter results
- Guidance and margin pressure could weigh on Infosys and other Indian IT services stocks
- Dr. Reddy's shares upgraded by Citi after three years, target raised; Stock gains
- China’s 30-year bonds: Citi recommends buying Asian giant's long-term government securities on weak growth
- Citi Expands Digital-Assets Footprint With Coinbase Partnership
Infosys FY27 guidance outlook
Infosys has guided for FY27 constant-currency revenue growth of 1.5%-3.0%, and brokerages see scope to narrow the range. A later preview says Infosys and other large-cap IT firms may cut guidance as AI deflation weighs, while mid-caps may buck the trend.
Tuesday, 29 September
- IT Q2 Preview: Infosys, Other Large Caps May Cut Guidance As AI Deflation Bites, Mid-Caps To Buck The Trend