Infosys Sales Forecast Trails Estimates as IT Demand Sputters

Infosys Ltd. forecast sales growth for this year below analysts’ estimates, as global enterprises curtail spending on large information technology projects to prepare for geopolitical and economic challenges.

The stock fell as much as 3.4% in early Mumbai trading after India’s second-largest outsourcer said revenue will grow 1.5% to 3.5% in the fiscal year through March 2027 on a constant currency basis. Analysts were forecasting 4.9%.