Infosys ADRs are down 6% after growth guidance was cut to 1-2%, the clearest sign yet that enterprise discretionary IT budgets are still frozen. Accenture's lower FY26 revenue forecast is spilling ove

What happened: Infosys cut its FY27 revenue growth guidance to 1%-2% in constant currency from 1.5%-3%, and its ADRs fell 6% in early trade on the NYSE after a lacklustre Q2. Key numbers: FY27 guidance cut to 1%-2% from 1.5%-3%. Why it matters: The company called this its weakest growth outlook in seven years, citing subdued volumes, pricing pressure and weakness in North America. The CEO attributed the weakness to specific client situations rather than a broad-based slowdown, while the CFO pointed to competitive intensity and lower discretionary spending in retail and high-tech. Coverage: 3 outlets in 24h

Infosys cut its FY27 revenue growth guidance to 1%-2% in constant currency from 1.5%-3%, and its ADRs fell 6% in early trade on the NYSE after a lacklustre Q2.

The company called this its weakest growth outlook in seven years, citing subdued volumes, pricing pressure and weakness in North America. The CEO attributed the weakness to specific client situations rather than a broad-based slowdown, while the CFO pointed to competitive intensity and lower discretionary spending in retail and high-tech.