• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Infosys lifts revenue growth forecast amid signs of strong North American demand

by January 16, 2025
written by January 16, 2025

Investing.com — Infosys Ltd (NYSE:INFY) sees stronger revenue growth amid signs of rising discretionary spending in North America and an improving demand environment. The company reported more than 7% rise in quarterly revenue, driven by robust deal wins and an increase in headcount.

India’s second-largest IT services provider, posted revenue of ₹417.64 billion ($4.83 billion), a 7.6% rise, for the October-December quarter, traditionally a weak period as clients scales back operations during the holiday season.

Bengaluru-based Infosys now projects full-year revenue growth of 4.5% to 5%, up from its previous guidance of 3.75% to 4.5%.

“Stronger than expected revenue growth in 3Q, upgrade to F25 revenue guide and improved deal wins/net headcount increase in 3Q are the key positives,” Morgan Stanley (NYSE:MS) said in a note. The brokerage has an overweight rating on the stock, with a target price of ₹2,150.

“We believe bears can allude to higher component of third-party items driving the revenue beat during 3Q,” Analyst at Morgan Stanley added.

India’s IT services industry has grappled with a slowdown in recent years, as clients in the U.S. and Europe curbed technology spending amid economic uncertainties.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
2025 could be a peak year for Nvidia stock: analyst
next post
Nintendo says Switch 2 will be released in 2025

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Trump implies government could cut contracts and subsidies to Musk’s companies

      June 7, 2025
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (505)
    • Stock (6,426)

    Latest News

    • Trump implies government could cut contracts and subsidies to Musk’s companies
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

    Popular News

    • JD Sports Fashion downgraded by Citi analysts amid softer growth outlook
    • Belgium stocks higher at close of trade; BEL 20 up 0.07%

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy