INFOSYS CUTS REVENUE FORECAST AMID IT SPENDING SLUMP

The Indian IT services giant trimmed its sales outlook, signaling weakening demand across the sector. Clients are tightening budgets amid rising borrowing costs and global instability, pressuring major service providers that rely on discretionary tech spending. The move underscores a shift in market conditions. After years of robust demand, enterprises are becoming more cautious with IT investments. Higher interest rates make capital-intensive projects less attractive, while geopolitical conflicts add uncertainty to business planning. Infosys joins other IT services firms navigating slower growth. The sector faces a reckoning as pandemic-era spending booms fade and companies delay non-essential technology initiatives. The revised forecast comes as the industry awaits clearer signals on when spending momentum might return. Clients are prioritizing essential services and cost optimization over expansion projects.