The Nifty IT Index experienced a remarkable 32% surge over the past year, fuelled by a robust first quarter. This strong performance was primarily driven by Tier-1 IT companies, which showed solid revenue growth, improved margins, and stable management outlooks, contributing to the sector’s outperformance.
Infosys’ weak Q4 earnings has a price, brokerages slash targets by 9-13%
Infosys reported a 12% YoY drop in Q4 net profit and missed revenue estimates. The company in its guidance has projected revenue growth of 0%–3%