Infosys logs Q1 profit at ₹5,195 crore, raises revenue forecast for FY22

Infosys Ltd on Wednesday raised its annual revenue forecast on Wednesday as clients continued to spend heavily to digitize their processes to save costs and reach new customers, spurred by the pandemic.

India’s second-largest software services company now expects revenue to rise 14-16% in constant-currency terms from the 12-14% it forecast three months ago.

The widespread disruptions caused by the pandemic have forced companies to accelerate their digital transformation. Changes in behaviour that would have taken years to unfold have happened within months. Some of these new habits picked up during the pandemic, such as online shopping and remote working, are likely to be sticky, forcing companies to adapt quickly.