India's Infosys falls after cutting revenue growth forecast for fiscal 2027

What happened: Infosys shares fell 2.7 per cent in early trading on Monday after the IT firm cut its fiscal 2027 revenue growth forecast more than expected and reported weakness in its North America business. Key numbers: Guidance cut to 1 per cent to 2 per cent from 1.5 per cent to 3 per cent. Analysts had expected a trim only to 2.5 per cent at the top end. Shares fell 2.7 per cent. Why it matters: The cut was deeper than most analysts anticipated, and the company cited weakness in its North America business alongside the reduced outlook.

Infosys shares fell 2.7 per cent in early trading on Monday after the IT firm cut its fiscal 2027 revenue growth forecast more than expected and reported weakness in its North America business.

The cut was deeper than most analysts anticipated, and the company cited weakness in its North America business alongside the reduced outlook.