India's Infosys beats Q3 revenue view; ups annual forecast range

Reuters01-14
India's Infosys beats Q3 revenue view; ups annual forecast range

BENGALURU, Jan 14 (Reuters) - Infosys INFY.NS reported better-than-expected third-quarter revenue on Wednesday, helped by a pickup in tech demand from its financial services clients.

Revenue at India's second-largest IT services provider rose 8.9% to 454.79 billion rupees ($5.04 billion) in the October-December period.

Analysts on average had estimated revenue of 452.27 billion rupees, according to data compiled by LSEG.

The company revised its fiscal ending 2026 revenue growth forecast upwards to 3%-3.5%, from an earlier estimate of 2%-3%.

Three brokerages had expected the company to narrow the range to 2.5%-3%.

($1 = 90.2990 Indian rupees)

(Reporting by Sai Ishwarbharath B; Editing by Nivedita Bhattacharjee)

((saiishwarbharath.b@thomsonreuters.com;))

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