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Infosys' AI division is doing great, but it's also cutting into the money they make.

ResultsRead the original at Benzinga
Bad for INFY

Infosys missed sales and profit estimates and cut its full-year sales forecast as projects slowed and prices weakened. Large deals, rising AI sales, steady margins and a higher dividend help, but do not outweigh weaker demand and pressure on older services.

INFY · Infosys Ltd.

AI read · Bad for INFY

The AI's read

New contracts and AI work give Infosys areas to grow, and its margin stayed steady as the dividend increased. But sales and profit missed estimates, and the company cut its sales forecast as clients slowed projects and pressed for lower prices. AI also brings new work but reduces income from older services, so the pressures outweigh the gains.

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