🔴 Infosys is trading 7.2% down today after cutting FY27 growth forecast to 1%–2%

Infosys is trading at $12.27 after a -7.19% move, following a cut to its FY27 revenue growth forecast to 1%–2% from 1.5%–3%.

• Reuters reported its U.S.-listed shares fell 7.5% in premarket trading. Infosys cited softer second-quarter conditions and pricing pressure; North American revenue fell 1.5%.
• Overall revenue marginally beat estimates, while net profit missed. Clients shifting spending toward AI is adding pressure to traditional IT services demand.