Infosys Lifts Sales Outlook on Hopes of Rebound in IT Spends (1)

Infosys Ltd. raised the lower end its forecast for yearly revenue, banking on a revival in spending on technologies such as artificial intelligence.

India’s second-largest IT outsourcer projected revenue growth of 2% to 3% on a constant-currency basis in the year through March 2026. In July, it predicted sales would grow between 1% and 3%.

“We’ve seen good traction and that’s how we’ve actually increased the guidance,” Chief Executive Officer Salil Parekh told a news conference in Bangalore, where the company is headquartered. “We have much more confidence with the lower end being increased in the outlook for the year.” ...