Infosys cuts FY27 revenue growth guidance amid uneven tech spending recovery

The Economic Times reports Infosys expected technology spending to recover in the second half of FY27, but CEO Salil Parekh said the improvement was more uneven than anticipated. The company cut its constant-currency revenue growth guidance to 1–2% from 1.5–3%. Parekh said retail had yet to pick up and communications remained challenging, while CFO Jayesh Sanghrajka said AI-related revenue had risen to 8.2% of total revenue.