FILE PHOTO: Figurines with computers and smartphones are seen in front of Infosys logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
BENGALURU (Reuters) -Indian software services providers Infosys and Wipro issued revenue forecasts below analysts' expectations, suggesting a broad-based recovery in global tech spending was yet to take hold.
U.S.-listed shares of Infosys, which have gained more than 35% in the past six months, fell 2.5% as its second-quarter profit also missed estimates due to higher costs. Wipro shares were also down by a similar percentage.
