New Delhi, Oct. 23 -- The American Depositary Receipts (ADRs) of Infosys crashed 7.5% in Friday's trade on October 23, falling to $12.25 in pre-market trading after the Bengaluru-based technology firm trimmed its annual revenue growth forecast, despite marginally beating revenue estimates for the September quarter.

Infosys has revised its revenue growth forecast for the fiscal year ending March 2027 to 1%-2%, from its earlier estimate of 1.5%-3%. Most analysts had expected the company to lower the upper end of its guidance to 2.5%, bringing the range to 1.5%-2.5%.

The weaker outlook has heightened concerns that companies continue to curb spending on major information technology projects.

India's second-largest IT services company, alon...