Infosys raises revenue view, sparks hopes of Indian IT turnaround


A logo of Infosys sits outside the company's house on the opening day of the 55th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 20, 2025. REUTERS/Yves Herman

BENGALURU, Jan 14 (Reuters) - India's No. 2 software services exporter Infosys unexpectedly raised its revenue ‌forecast on Wednesday and signaled a healthy demand outlook, citing steady discretionary tech ‌spending and renewed momentum in its core financial services business.

The forecast lifted its U.S.-listed shares 10% in early trade and came just two days after market leader Tata Consultancy Services flagged strong demand in 2026, pointing to a possible ‍rebound in India's $283 billion IT sector.

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