From mint · A Ksheerasagar · · 1m
Infosys ADRs Drop 7.5% After Revenue Forecast Trim
Infosys shares fall 7.5% pre-market as company cuts annual revenue growth forecast to 1%-2%.
In brief
Infosys shares fall 7.5% pre-market as company cuts annual revenue growth forecast to 1%-2%. Infosys trimmed its annual revenue growth forecast to 1%-2% from 1.5%-3%, causing ADRs to drop 7.5% in pre-market trading. Originally reported by mint.
Market Reaction
Infosys ADRs plunged 7.5% in pre-market trading on October 23, 2026.
Revenue Forecast Trim
Company revised annual revenue growth forecast to 1%-2% from 1.5%-3%.
Analyst Expectations
Most analysts expected the upper end of the forecast to drop to 2.5%, creating a 1.5%-2.5% range.
AI Competition Impact
Global uncertainty and AI-driven competition from companies like Anthropic and OpenAI slowed demand for IT projects.
Q2 Profit Results
Infosys reported a 6.2% year-on-year increase in net profit to ₹7,823 crore for Q2.
AI Revenue Growth
AI-related revenue grew 29% quarter-on-quarter and accounted for 10.5% of total revenue.
CEO Deal Activity
CEO secured $5.2 billion in deals, including a $2 billion project.
The takeaway
Infosys trimmed its annual revenue growth forecast to 1%-2% from 1.5%-3%, causing ADRs to drop 7.5% in pre-market trading.
