BENGALURU (Reuters) – Infosys Ltd on Thursday forecast slower revenue growth for the current fiscal year compared with analysts’ expectations, amid a turmoil in the U.S. banking sector that has prompted clients to tighten spending.
India’s second-largest IT services firm expects revenue growth of 4%-7% for the fiscal year ending March 2024. Analysts expected growth of 10.73% for the period, according to Refinitiv IBES data.
Net profit for the three months ended March 31, 2023 rose 7.77%, the company said.
(Reporting by Nishit Navin in Bengaluru)
