Infosys shares, down 25% so far in 2025, may see further price damage post Q4 results

Shares of technology bellwether Infosys Ltd., India’s second-largest IT services company, will be reacting to their quarterly results, which were reported after market closing last Thursday. The stock has already declined 25% so far in 2025, despite a 9% recovery from its recent 52-week low.

Infosys reported a US Dollar revenue decline of 4.2%, which was sharply lower than the street anticipation of a 1.4% drop. Its constant currency revenue also fell 3.5% sequentially, which was worse than its peers, TCS and Wipro, both of whom saw a decline less than 1%.

For financial year 2026, Infosys expects revenue growth between 0% and 3% in constant currency terms, whereas estimates ranged between 1% and 4%.
In its post-earnings interaction, the management of Infosys said that the current environment is uncertain and that the bottom-end of the guidance bakes in that deterioration, while the top end assumes a steady to slight improvement.

According to a CNBC-TV18 analysis, Infosys reported a 1.8% rise in its net profit for the full financial year, which is the second-slowest earnings growth for the company since it went public in 1993.

The company also missed its full-year constant currency revenue growth forecast of 4.5% to 5%, by delivering a revenue growth of 4.2%.

In response, shares of Infosys listed on Wall Street had the first reaction to its results, declining as much as 4.5% in intraday trade. The stock, however, pared some of those losses to end 2.5% lower.

The India-listed shares of Infosys opened lower on Thursday, but clawed back its losses to end at the highest point of the day, at ₹1,427.7, up 1%.