Movement Alert｜Infosys Intraday Decline 6.35% in Regular Trading, Annual Revenue Growth Guidance Cut After Q2 Results

Market Focus10-23

On October 23, Infosys fell 6.35% in Regular Trading, trading at $12.31 per share with turnover of $52.55 million.

The main catalyst was its latest earnings release and weaker forward outlook: the company lowered its full-year constant-currency revenue growth guidance to 1% to 2% from 1.5% to 3%, below the 2.03% market expectation, even as quarterly revenue slightly topped consensus.

For fiscal Q2 ended September 30, Infosys reported revenue of $5.15 billion versus $5.12 billion expected, while diluted EPS was $0.20 versus the $0.21 consensus. Management also flagged client-specific weakness in retail and high-tech, while noting pricing pressure from intense competition and higher productivity demands. Offsetting factors included stronger trends in financial services, energy and utilities, and AI revenue that rose 29% quarter over quarter, but the guidance cut appears to have dominated market reaction.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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