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Stock impact report

Indian IT firms face subdued fourth quarter as war, AI concerns persist; weak rupee helps earnings [Yahoo! Finance]

Infosys Limited American Depositary Shares (INFY) 
Last infosys limited american depositary shares earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: infosys.com/investors
Company Research Source: Yahoo! Finance
lacklustre quarter, with revenue and profit seen rising around 10% year-on-year largely on ?a weaker rupee rather than underlying growth, seven brokerages said. Uncertainties due to wars, weak discretionary spending and ?concerns around artificial intelligence will keep weighing on client budgets, making the revenue forecast for the next fiscal year a key focus for ?investors, they added. Tata Consultancy Services, Infosys, HCLTech and other software services exporters are due to report fourth quarter results starting April 9. "We expect limited deal win surprises, patchy ex-BFSI growth and slow start to (the first half of 2027) on macro/gen AI uncertainty," Ambit Capital analysts said in a preview note. The Indian rupee fell 4% against the U.S. dollar during the ?March quarter, and slid to record low ?levels. Software services companies typically benefit as they bill in foreign currencies while incurring most costs in rupees, inflating profits when dollar revenues are conve Show less Read more
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