The country’s second largest IT services firm, Infosys on Thursday lowered the lower end of its FY27 revenue growth guidance to 1.5%–3.5% in constant currency from 3%–3.5% in FY26, pointing to continued demand caution amid global uncertainties and a moderate impact from AI-led deflation. The reset comes even as the company reported a sequential rise in profit and revenue for the January–March quarter, both ahead of Bloomberg estimates. The guidance, now below the range many on the Street were factoring in, suggests that discretionary spending remains weak and conversion cycles for large deals continue to be elongated across key markets.