Infosys gains 3% after Q4 results; Check earnings, outlook, analysts' call

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Infosys gains 3% after Q4 results; Check earnings, outlook, analysts' call - Business Standard

Quick Summary:

Infosys' stock rose as much as 3.04 per cent during the day to ₹1,462.

Manufacturing is going to see cautious spending, and financial services are expected to grow in the AI and regulatory space, it said."Discretionary spending remains under pressure, but medium-term visibility is stable.

The brokerage expects the demand environment to remain challenging for the next one to two quarters due to macro uncertainty."We remain positive on the sector from a medium-to-long term perspective, as technology debt continues to be very high for enterprises, which will warrant revival in spending as macro improves," it said in a note.