Infosys shares jump on higher fiscal 2026 revenue forecast and AI-led deal momentum

Yahoo
Yahoo
2d ago
Infosys raised its fiscal 2026 revenue growth forecast to 3%–3.5% and its shares rose 5%, contributing to a 2.2% rise in the Nifty IT sub-index.
Infosys shares jump on higher fiscal 2026 revenue forecast and AI-led deal momentum
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Key insights

  • 1

    AI-led partnerships cited as a driver of deal activity: Infosys pointed to AI-led partnerships driving deals, and Morningstar cited comprehensive AI offerings as a competitive advantage.

  • 2

    Large-deal pipeline increased: Infosys reported its order book for deals above $50 million rose to $4.8 billion, a two-year high.

  • 3

    Brokerages raised price targets: At least three brokerages, including Jefferies, raised their target price after the results.

A What happened
Infosys rose 5% on Friday after it raised its fiscal 2026 revenue forecast. The stock led gains on the Nifty 50 index and lifted the Nifty IT sub-index 2.2% higher. Infosys said revenue would grow 3%–3.5% in the fiscal year ending March 31, 2026, above its earlier forecast of 2%–3%. Its order book for deals above $50 million rose to a two-year high of $4.8 billion.

Topics

Technology & Innovation Artificial Intelligence Business & Markets Markets

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