Infosys (INFY) Soars 10.45% on Strong Revenue Outlook, PT Hike

Core Insights - Infosys Ltd. (NYSE:INFY) experienced a significant stock price increase of 10.45%, closing at $19.35, following a positive revenue outlook and a price target upgrade from an investment firm [1][3]. Financial Performance - The company raised its revenue guidance for the full fiscal year 2026 to a range of 3% to 3.5% and adjusted its operating margin expectations to 20% to 22% [2]. - In the third quarter, Infosys reported a revenue increase of 3.2%, reaching $5.099 billion compared to $4.939 billion in the same period last year, contributing to a nine-month revenue growth of 4% to $15.1 billion from $14.5 billion [3]. - However, net income attributable to shareholders decreased by 7% to $747 million from $804 million year-on-year, while the nine-month attributable net income increased by 2% to $2.39 billion from $2.34 billion [4]. Strategic Initiatives - The CEO of Infosys, Salil Parekh, highlighted the company's strong Q3 performance, emphasizing its differentiated value propositions in enterprise AI through Infosys Topaz, which are enhancing market share and client partnerships [5]. - The company is committed to reskilling and empowering its workforce to succeed in an AI-augmented environment [6]. Market Reactions - Following the earnings results, Goldman Sachs raised its price target for Infosys shares by 1% to $19.10 from $18.90 [6].