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via economictimes.indiatimes.comBusiness & Companies

Infosys upbeat on deals, cautious on growth as competition intensifies

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Infosys released its quarterly results, showing good revenue growth and stable operating margins. However, the management reduced the annual revenue guidance due to competitive pressures. The company secured a significant $2 billion deal, boosting its total contract value to…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA cut to annual revenue guidance at a major IT services firm weighs on expectations for the tech services sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Infosys reported good revenue growth and stable operating margins in its quarterly results.
  2. 02Management reduced annual revenue guidance due to competitive pressures.
  3. 03The company secured a $2 billion deal, lifting its total contract value to $5.2 billion.

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