New Delhi, April 24 -- After HCL Technologies, Infosys also let down the Street with weaker-than-anticipated FY27 revenue growth guidance, reinforcing concerns about a slowing IT cycle.

The stock fell over 5% on Friday, sliding to a new 52-week low of Rs.1,167.80. Revenue guidance from large IT firms tends to set the tone for investor expectations for the sector.

Geo-political conflicts and AI-led deflation are likely dampeners to growth in FY27, reflected in Infosys's underwhelming revenue guidance of 1.5%-3.5% CC (1.25-3.25% in organic CC). CC is constant currency.

The guidance factors in a 75-100 basis points (bps) impact from a planned ramp-down with a European client (Daimler) and a change in onsite mix. While it includes the impa...