Infosys Limited’s U.S.-listed ADS (INFY) is down about 3% as the market continues to digest the company’s FY27 outlook released with Q4 FY26 results on April 23, 2026. The key overhang is management’s FY27 constant-currency revenue growth guidance of 1.5%–3.5%, which investors are treating as evidence that discretionary tech spending and deal ramp-ups remain pressured even as quarterly profitability held up. (marketbeat.com)

Infosys delivered a solid Q4 print and highlighted large-deal momentum, but the forward view is dominating price action. The combination of cautious growth guidance and an operating-margin outlook of 20%–22% reinforces worries that competitive intensity and AI-driven productivity could compress billing rates, limiting upside to near-term revenue acceleration. (marketbeat.com)

The selloff has been reinforced by a cluster of post-results price-target reductions and more conservative commentary. Over the last week, firms have moved targets lower into the low-to-mid teens range, reflecting a market-wide reset of what investors are willing to pay for slower growth and heightened uncertainty around demand elasticity in IT services. (m.in.investing.com)

Investors are likely to focus on signs that large-deal wins translate into faster revenue conversion, plus any evidence that AI-driven delivery efficiency is expanding margins rather than pushing down pricing. Near-term sentiment may remain fragile until management provides clearer visibility on FY27 demand, conversion timing, and the balance between productivity gains and revenue yield. (marketbeat.com)