Infosys reported a 12% year-over-year increase in net profit for the first quarter of fiscal year 2027. Revenue rose 14% during the same period.
The company narrowed its full-year revenue growth guidance to a range of 1.5% to 3.0% in constant currency. This forecast is down from the previous range of 1.5% to 3.5%.
Management cited persistent macroeconomic uncertainty and cautious client spending for the revision. Company shares fell following the announcement.
Infosys appointed 31-year company veteran Ashiss Kumar Dash as CEO-designate. Dash will succeed current CEO Salil Parekh on April 1, 2027.