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Infosys reports AI revenue grew 29 percent sequentially to 10.5 percent of total revenue, but overall growth remains subdued at 1.5 percent year-on-year due to client expectations for lower prices when AI is deployed.
Infosys won $5.2 billion in large deals including a $2 billion mega-contract with a financial services firm, but cut FY27 growth guidance to 1-2% due to challenges converting bookings into revenue despite 29% sequential AI revenue growth.
Infosys reports 29% growth in AI revenue; Apple's foldable iPhone Duo sees full pre-order bookings in India; PHP vulnerabilities exploited by attackers; SEBI warns against fraudulent investment schemes.
Infosys' AI revenue grew 29% sequentially in Q2 to account for 10.5% of total revenue, though the company cut its FY27 growth guidance to 1%-2% citing demand uncertainties.
Infosys reported 6% YoY profit growth to Rs 7,823 crore in Q2 but lowered its full-year FY27 revenue guidance to 1-2% from the previous 1.5-3% range.
