Infosys AI revenue up 29% but overall growth slows to 1.5%

Infosys reported 29% sequential growth in AI revenue, now 10.5% of its income, while overall revenue rose just 1.5% year on year in Q2. The company cut its full-year growth guidance from 1.5–3% to 1–2% and aims to hold margins near 21%.

• AI revenue grew 29% sequentially and now makes up 10.5% of Infosys income
• Overall revenue rose 1.5% year on year, below expectations
• Full-year growth guidance cut from 1.5–3% to 1–2%
• New deals worth $8.8 billion signed in the first half