New Delhi, July 24 -- IT giant Infosys Ltd's June quarter (Q1FY27) results delivered a series of negative surprises-weak revenue growth, a guidance cut, softer deal wins and a cautious management outlook.

The stock fell more than 2% in Friday's early trade, even though expectations heading into the quarter were already subdued.

Sequential constant-currency (CC) revenue grew just 1% in Q1FY27, missing the Street's 2% growth estimate. The drag primarily came from a 50-basis-points (bps) impact from the termination of a programme by an energy, utilities, resources and services (EURS) client, softer volumes and lower-than-expected pricing increases. The communications segment also declined sequentially.

Revenue fell sequentially across all...