Infosys share price dips 5% as Q2 numbers miss expectations, guidance disappoints

Shares of Infosys, the country’s second-largest IT company, tumbled 5% in trade on Friday, October 18 to ₹1,869 after investors were disappointed with the lower-than-expected Q2 FY25 results and revenue guidance given by the IT bellwether.

The company raised its revenue growth guidance for FY25 to 3.74%-4.5%, up from 3%-4% previously, but analysts noted this was below expectations. According to domestic brokerage Motilal Oswal, while there was broad-based revenue growth this quarter, Infosys’ commentary and guidance tempered hopes of a significant rebound in discretionary spending.