Infosys, Wipro revenue forecasts fail to impress investors
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 17 2024
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Source: Reuters
Revenue Forecasts Below Expectations: Indian IT firms Infosys and Wipro reported revenue forecasts lower than analysts' expectations, indicating a slow recovery in global tech spending despite some growth in the banking and financial services sectors.
Mixed Performance Among IT Companies: While Infosys raised its full-year revenue growth forecast, both it and Wipro experienced declines in their U.S.-listed shares following disappointing profit results, with Wipro's overall revenue falling slightly less than anticipated.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
