Infosys Hikes Sales Outlook, Defying Recession Fears
- Expects revenue to grow by 15%-16% from 14%-16% this fiscal
- Net income at 60.2 billion rupees beats analysts’ estimate
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Infosys Ltd. raised its annual sales forecast, defying fears that a global economic slowdown would push clients at the outsourcing giant to cut back on tech spending.
The Bengaluru-headquartered company said it expected revenue to grow between 15% to 16% in the year to March 2023, raising the lower end of its sales outlook, while reiterating the top end.