Skip to content
Subscriber Only

Infosys Joins a Growing List of Companies Ditching Outlooks

  • No forecast until visibility into the pandemic improves
  • Net income rose 6.1% to 43.2 billion rupees, sales climb 8%
Employees walk on the Infosys campus in Bengaluru, India in 2019.
Employees walk on the Infosys campus in Bengaluru, India in 2019.Photographer: Karen Dias/Bloomberg
Updated on

Infosys Ltd. refrained from projecting full-year revenue for the first time in years, joining a growing list of businesses around the world struggling to assess the fallout of Covid-19.

The Indian company said it couldn’t offer a forecast until visibility into the pandemic improves, at a time the novel coronavirus is boosting demand for IT services but also disrupting the tech outsourcer’s ability to serve clients. Infosys reported a 6.1% rise in net income to 43.2 billion rupees ($564 million) for the March quarter. Sales rose 8% from a year ago to 232.7 billion rupees.