For FY24, Infosys Sees Revenue Growth of 1.0%-2.5% in Constant Currency (Prior 1.0%-3.5%) Vs. Consensus $18.71B and Operating Margin of 20.0%-22.0%
Portfolio Pulse from Benzinga Newsdesk
Infosys has revised its FY24 revenue growth forecast to 1.0%-2.5% in constant currency, down from the previous 1.0%-3.5%. The company also expects an operating margin of 20.0%-22.0%. The consensus revenue estimate was $18.71B.
October 12, 2023 | 10:45 am
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NEGATIVE IMPACT
Infosys has lowered its FY24 revenue growth forecast, which could potentially impact its stock price negatively in the short term.
Infosys has revised its FY24 revenue growth forecast downwards, which indicates that the company might not perform as well as previously expected. This could lead to a decrease in investor confidence and potentially a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100