Infosys Surprises with Raised Revenue Estimates, ADR Jumps 1.6%
Business
M
Moneycontrol•14-01-2026, 17:56
Infosys Surprises with Raised Revenue Estimates, ADR Jumps 1.6%
- •Infosys announced its March quarter results on Wednesday, November 14, with ADRs rising 1.6% in US pre-market trading.
- •The company increased its FY26 revenue growth target from 2-3% to 3-3.5% on a constant currency basis, boosting investor confidence.
- •Financial Services grew 3.9% and Communications segment led with 9.9% growth in the December quarter.
- •Infosys secured significant AI-based deals, including with Adobe and Siemens AG, and large deals totaled $4.8 billion in Q3.
- •Net profit decreased 2.2% year-on-year to ₹6,654 crore due to a one-time impact, but revenue increased 8.9% to ₹45,479 crore.
Why It Matters: Infosys raised its FY26 revenue growth forecast, leading to a 1.6% ADR jump despite a profit dip.
✦
More like this
Loading more articles...
