Infosys Analysts Boost Their Forecasts Following Q3 Earnings - Infosys (NYSE:INFY)

Core Insights - Infosys reported better-than-expected third-quarter earnings with adjusted earnings of 21 cents per share, surpassing market estimates of 20 cents per share, and sales of $5.099 billion, up from $4.939 billion in the same period last year [1][2] Financial Performance - The company achieved adjusted earnings of 21 cents per share, exceeding market expectations [1] - Sales increased to $5.099 billion, reflecting a year-over-year growth from $4.939 billion [1] Strategic Focus - Infosys emphasized its differentiated value propositions in enterprise AI through Infosys Topaz, which is driving higher market share and positioning the company as a preferred AI partner for clients [2] - The CEO highlighted the importance of reskilling and empowering the workforce to succeed in an AI-augmented environment [2] Future Outlook - Infosys projects FY26 revenue growth of 3% to 3.5% in constant currency [3] - Following the earnings announcement, Infosys shares fell by 3.9% to trade at $18.58 [3] Analyst Ratings - Stifel analyst David Grossman maintained a Hold rating on the stock and raised the price target from $16.5 to $19 [4] - BMO Capital analyst Keith Bachman maintained a Market Perform rating and increased the price target from $18 to $20 [4]