The company’s revenue growth guidance was the lowest since the great financial crisis of 2009. Shares of Infosys fell down sharply. "Overall,” said Analysts from Phillip Capital, “Infosys' guidance cut reflects a tough macro environment, leading to weakness in IT services spending in the near term." The company’s revenue growth guidance was the lowest since the great financial crisis of 2009. "Overall,” said Analysts from Phillip Capital, “Infosys' guidance cut reflects a tough macro environment, leading to weakness in IT services spending in the near term."

Source: Indian Express July 21, 2023 07:00 UTC