BENGALURU (Reuters) – Infosys on Thursday trimmed the upper-end of its annual revenue growth forecast after reporting quarterly profit below estimates, hurt by an uncertain demand environment.
The country’s second-largest IT services firm by revenue said its full-year revenue growth was seen at 1%-2.5% on a constant currency basis, compared to its prior view of 1%-3.5%.
The Bengaluru-based company’s consolidated net profit climbed to 62.12 billion rupees ($746.46 million) in the quarter ended Sept. 30, from 60.21 billion rupees a year ago.
Analysts had expected a profit of 62.95 billion rupees, as per LSEG IBES data.
(Reporting by Sethuraman NR and Indranil Sarkar in Bengaluru; Editing by Nivedita Bhattacharjee)
