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Infosys lowered its full-year revenue growth outlook following subdued volumes and pricing pressure, while broader Indian stock markets faced recent sessions of losses.
India's second-largest IT services provider trimmed its yearly outlook as global clients tighten spending on large-scale technology projects, even as artificial intelligence revenue experiences rapid expansion.
The Indian IT services major reported a modest rise in net profit and expanded its workforce while scaling back its full-year growth outlook due to cautious client spending.