Infosys (INFY) surged 5.02% in pre-market trading on Wednesday, following the release of its better-than-expected third-quarter earnings report and an upward revision of its annual revenue forecast.
The company reported Q3 revenue of $5.04 billion, surpassing analyst estimates of $4.94 billion, driven by strong performance in its financial services segment and AI-driven deals. Infosys also raised its fiscal 2026 revenue growth forecast to 3%-3.5%, up from the previous range of 2%-3%, signaling confidence in continued demand for its services.
CEO Salil Parekh highlighted the company's growing role as an AI partner for major clients, particularly in financial services and energy sectors, which contributed to the optimistic outlook. The upbeat results and guidance have sparked hopes of a broader recovery in India's IT sector.
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