In FY21, the year Covid struck, the company had provided a revenue growth guidance of 0-2%, but ended the year with growth at 5%. In 2009-10, it had guided for -6.7% to -3.7%, but ended at 3%. The company has a history of recording actual growth rates that are on average better than its guidance. Nonetheless, analysts expect Infosys to lag peers like TCS and HCLTech this year.
Infosys slashes FY24 growth forecast on low client spend
In FY21, the year Covid struck, the company had provided a revenue growth guidance of 0-2%, but ended the year with growth at 5%. In 2009-10, it had guided for -6.7% to -3.7%, but ended at 3%. The company has a history of recording actual growth rates that are on average better than its guidance. Nonetheless, analysts expect Infosys to lag peers like TCS and HCLTech this year.