Bengaluru: India’s No. 2 software services exporter Infosys unexpectedly raised its revenue forecast on Wednesday and signaled a healthy demand outlook, citing steady discretionary tech spending and renewed momentum in its core financial services business.
The forecast lifted its U.S.-listed shares 10% in early trade and came just two days after market leader Tata Consultancy Services flagged strong demand in 2026, pointing to a possible rebound in India’s $283 billion IT sector. Clients who had cut discretionary spending amid tariff-related uncertainty are now funding AI projects.
