Infosys hits a bump, too, but deal pipeline strong

ET Intelligence Group: On Thursday, Infosys reported its worst sequential quarterly top line performance since the pandemic affected June 2020 quarter. The March 2023 quarterly performance was impacted by unplanned ramp down of projects and one-time hit taken in a client account. The country’s second largest IT company recorded $ 2.1 billion in total contract value (TCV) of new deals. However, its FY24 revenue guidance of 4-6% growth in constant