Infosys ADR slips over 5% after Q1 results, FY27 growth guidance cut

Infosys ADR fell as much as 5.76% intraday to $10.30 on the NYSE after the company reported a weak Q1FY27, closing 2.01% lower at $10.71. Net profit declined 8.6% quarter-on-quarter to about Rs 7,769 crore, though revenue rose 0.8% in dollar terms to $5.08 billion with constant currency growth of 1%. The company narrowed its FY27 constant currency revenue growth guidance to 1.5%-3% from 1.5%-3.5%, while maintaining EBIT margin guidance at 20%-22%. Separately, CEO Salil Parekh will step down effective April 1, 2027, with Ashiss Kumar Dash appointed as CEO designate for a five-year term.